Looking at the pattern on the 4hr I see a descending triangle. Potential breakdown from this area if confirmed.
I also see a 4hr sell signal using the UCTS indicator. Trend finder looks bearish.
We can also see the 50 ema beginning to act as resistance on most recent candle. I am personally leaning bearish short term thinking we make another low in the near term. Would like to see a bounce off the green line around $185-$187 area for continuation of this uptrend. If we lose that I fear we are going to see much lower prices over coming weeks on ETH.
I also see a 4hr sell signal using the UCTS indicator. Trend finder looks bearish.
We can also see the 50 ema beginning to act as resistance on most recent candle. I am personally leaning bearish short term thinking we make another low in the near term. Would like to see a bounce off the green line around $185-$187 area for continuation of this uptrend. If we lose that I fear we are going to see much lower prices over coming weeks on ETH.