Triple Top has formed on Ethereum since February 2024.
We have seen the price drop below 20 and 200MA stating a bear market.
There is a strong downtrend in check, which the price will need ot break for any semblance of hope.
I am a full on Ethereum bull for the future (more than Bitcoin). But the charts are showing downside to come which I hope I am wrong....
Bitcoin traders/investors continue to play Tug Of War as the asset continues its correction south (Wave 4). Expect Wave C to develop as an Expanding Ending Diagonal. With a 3 wave move for both Wave 1 and Wave 2, there's a good chance that Waves 3-5 will also develop in 3 wave sequences.
Viewing this formation on smaller, hourly charts looks extremely choppy....
Ripple is developing a feature that could allow users to mint asset-backed tokens directly on top of XRP Ledger.
Not even good news seems to be able to hold off the bears.
ATR INDICATOR SIGNALLING SHORT
