A new daily low has appeared for $ETHFI 7.
24h: -9.72%; current price: 0.5483, previous low: 0.5502.
Structurally, a new low means the bulls’ defensive line has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low. If it can’t, the weakness is likely to continue; reclaiming it could signal a false breakdown. Do you think this is the beginning or the end?
24h: -9.72%; current price: 0.5483, previous low: 0.5502.
Structurally, a new low means the bulls’ defensive line has been breached. The first thing to watch on a rebound is whether the price can reclaim the previous low. If it can’t, the weakness is likely to continue; reclaiming it could signal a false breakdown. Do you think this is the beginning or the end?
