Ethereum

ETH Stuck Under Bearish 4H Trend-line?

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Take a look. ETH remains well under the EMA200 on the 4H timeframe (since November). The EMA9 (4H) is above the EMA50 (4H) which is a short-term bullish sign, although every attempt to break above this orange trend-line has failed (3 times). I think ETH will continue to move lower until it breaks meaningfully above the bearish trend-line above. I could see a possible entry on a breakout above the trend-line, and a take-profit at the 4H EMA200 (red, now $138). Until then, ETH looks very weak. Beware traders!

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