$ETH – Latest Analysis#
Ethereum is currently trading in a neutral to slightly bearish regime on the daily chart: it's below its 20-, 50- and 200-day EMAs, a sign that the trend pressure remains cautious.
On the short-term (intraday) timeframe, momentum is a little firmer: for example MACD on shorter periods is approaching a bullish crossover.
A notable bullish pattern: a “falling wedge” has formed, which historically suggests a weakening of bearish momentum and potential breakout.
#StrategyBTCPurchase #USGovShutdownEnd? #GENIUSAct #PowellRemarks
Ethereum is currently trading in a neutral to slightly bearish regime on the daily chart: it's below its 20-, 50- and 200-day EMAs, a sign that the trend pressure remains cautious.
On the short-term (intraday) timeframe, momentum is a little firmer: for example MACD on shorter periods is approaching a bullish crossover.
A notable bullish pattern: a “falling wedge” has formed, which historically suggests a weakening of bearish momentum and potential breakout.
#StrategyBTCPurchase #USGovShutdownEnd? #GENIUSAct #PowellRemarks