🧊Summary of ETH Bearish Logic:



1️⃣ Technical pattern confirms bearish trend

The weekly level shows "break line + turn + death cross of the moving average", all three conditions for a bearish trend are met, which means that the bull-dominated cycle may have ended.

The divergence between the EMA and the price is widening, indicating a weakening of upward momentum.

2️⃣ Dow Theory Validates Downward Structure

According to the trend definition of Dow Theory: "Uptrend = Higher Highs + Higher Lows", the current weekly chart has already formed a Lower Low.

If the current rebound stops below the previous high, it is very likely to be a "Lower High," further confirming the bearish structure.
ETH8,65%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin