Pro Charts: Crypto

Technical Analysis On The Ethereum Chart For Investors

Updated: Jun 22, 2024 | Published: Jun 22, 2024
Verified Investing
By Verified Investing
Technical Analysis On The Ethereum Chart For Investors

Ethereum chopped sideways over the last week. This pattern formation is called a bear flag as price consolidates following the prior drop.

While the price of Ethereum remains between minor support and minor resistance, the pattern is bearish. This earns Ethereum a negative bias for the next few trading days with the likelihood of further downside greater than upside.

Ethereum continues to stall after the ETF got approval from the SEC. Crypto as a whole has stalled out with alt coins taking a beating.

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