Doesn't look too good for Ethereum (Short term)
A descending triangle has broken out to the downside but we have a hidden divergence on the MACD momentum wave. Doesn't look healthy for ETH right now, in the short term. However, I do believe ETH will be outperforming BTC in the coming months. But, the supply of ETH on exchanges are dwindling and the amount of interest the institutions have on ETH is a pretty bullish sign. We might be seeing a supply shock similar to BTC shooting the prices up. I will definitely be buying more if it drops.
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