Bearish Descending Triangle looks like the pattern in play. Curious to see if ETH paints a similar trajectory as Bitcoin did after it peaked in the last bull run. One thing noticeable is that ETH's consolidation is happening over a shorter period of time.
Note
Potential downward cross of the 50MA through the 200MA may happen soon.Note
Daily RSI still has room to go down. However i'd like to see ETH retest the upper line one more time.Note
ETH has retested upper line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.