$ETH 4-hour death cross. Let’s take a look from the perspective of market positioning:
The bullish momentum histogram lasted for 9 four-hour candles, indicating that buyers were in control during this period. Now, chasing the rally is starting to lose steam. The crossover occurred below the zero line, and the rebound weakened again before it could take shape. Those looking to buy the dip will need to be patient.
Let’s keep an eye on what happens next.
This may not be accurate, so don’t take it as advice.
The bullish momentum histogram lasted for 9 four-hour candles, indicating that buyers were in control during this period. Now, chasing the rally is starting to lose steam. The crossover occurred below the zero line, and the rebound weakened again before it could take shape. Those looking to buy the dip will need to be patient.
Let’s keep an eye on what happens next.
This may not be accurate, so don’t take it as advice.
