Ethereum bulls rejected from $1915 again as...
and Ethereum reacted positively to this over the weekend. On Friday, there was news that a deal was closer to being finalized and Dow Jones registered gains.
The ascending trendline showed that despite the turmoil in the past six weeks on the price chart, the trajectory of the market on the higher timeframe was upward. Yet, further study of the price action showed that ETH exhibited a bearish structure until Sunday. Meanwhile, the OBV was also in decline from the highs at $2155 on 16 April. This showed dominant selling pressure. The RSI was at 52, after moving above the neutral 50 mark during the recent surge.
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