Bearish pennant formation ETH

Ethereum / U. S. Dollar KRAKEN:ETHUSD

turtlebuster

The price momentum of ETHER has been in a massive downturn since reaching ATHs. Technicals show a bearish pennant formation possibly signaling a continuation to the downside.

Fundamentals, as interest rates rise and war rages on in Ukraine, the economic uncertainty will weigh heavy on investor minds causing them to flee to safe havens such as the US dollar and away from risky and volatile assets such as crypto.

You might be interested in …

Trading View April 4, 2022

See this

See this Dogecoin / TetherUS PERPETUAL FUTURES BINANCE:DOGEUSDTPERP swaglaar I shorted but exited in 3-4 min then a huge pump cAme

Trading View March 25, 2022

C98 Short

C98 Short C98 / TetherUS BINANCE:C98USDT Cryptobees_buzz $C98 bounced off the resistance level and broke through the ascending trendline. Decline to support level at 1,53 $ is likely to happen.

Trading View May 3, 2022

Bitcoin Price Analysis — May 3

Bitcoin Price Analysis — May 3 Bitcoin / U.S. Dollar GEMINI:BTCUSD Mr_Wogbe_Alex Bitcoin has fallen into a sideways pattern over the past few hours as traders retire to the sidelines ahead of the US Fed’s […]