Ethereum (ETH) Rally Falters: What's Next? Price Analysis

At one point down 4% on Friday, the $ETH price has broken down through its August ￰0￱ this just a fakeout or the start of a longer accumulation period, or could this be the beginning of something more serious? $ETH breaking trend). Here it can be seen that $ETH is being rejected from the long-time descending trendline. Also, the good horizontal support at 0.04 looks as though it might ￰1￱ again, the Stochastic RSI indicators are bunching at the top of their ￰2￱ really does look as though a fall back down to earth is probably going to take place from ￰3￱ will this take the $ETH price ? $3,500 or $3,000 are major support levels. That’s not to say that the bull market will be finished for $ETH, but it does put the possibility of a 30% to 40% bull market correction on the table.

Disclaimer: This article is provided for informational purposes ￰4￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.