ETH bulls lack conviction, but have one more chance at comeback

  • Ethereum price shows a rejection at the $1,350 hurdle after setting up three equal highs.
  • ETH could retrace to the $1,195 support level to replenish momentum before giving the uptrend another go.
  • A daily candlestick close below $1,150 will invalidate the bullish thesis.

Ethereum price shows a lack of momentum after the recent volatile events. The run-up pushed ETH to produce another swing high. Rejection at this level has triggered a sell-off that could continue…


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