Ethereum shows a pretty strong bear behaviour in the 1h chart.
Trading below both 50 and 200 EMA and below the Parabolic SAR indicator confirms the heading.
I think an initial support may be identified around 848$ and the following one at 773$.
1h Stochastic RSI shows oversold pattern while the 4h one is overbough. (indicator not shown due to constraint in the number of indicators to be added). This makes me think of a possible very short term correction followed by a more pronounced bear behaviour.
Trading below both 50 and 200 EMA and below the Parabolic SAR indicator confirms the heading.
I think an initial support may be identified around 848$ and the following one at 773$.
1h Stochastic RSI shows oversold pattern while the 4h one is overbough. (indicator not shown due to constraint in the number of indicators to be added). This makes me think of a possible very short term correction followed by a more pronounced bear behaviour.