ETH Bearish Trend & Momentum

٣٠ ديسمبر ٢٠٢١

Ethereum is trending lower within a downtrend channel after recently falling out of a longer-term uptrend channel. Price is below all short-term moving averages with all short averages in a bearish cross. Watch for 200sma support near $3350, failure there would likely lead to a dip down near the $2650 support level shown. Lower indicators all show bearish short and intermediate-term trend and momentum behind price.