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Ethereum changed little in the short term, so we'll have to wait for fresh trading opportunities. It's trading at 1,808 at the time of writing above yesterday's low of 1,772. Bitcoin moves sideways as well, that's why the ETH/USD seems undecided.
In the last 24 hours, ETH/USD is down by 0.47% but it's up by 1.56% in the last 7 days. Bitcoin's rally or sell-off should force Ethereum to register sharp movements as well.
ETH/USD is still trapped between 1,847 and 1,787 levels. It has tested and retested the broken lower median line (LML). Personally, I told you yesterday that stabilizing below ascending pitchfork's lower median line (LML) should announce a new sell-off.
As you can see on the H4 chart, personally, I've drawn a descending pitchfork, so as long as it stays below the upper median line (uml), the altcoin could plunge.
A bearish closure below 1,787 activates more declines and is seen as a selling signal.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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