- ETH price is coiling into a diagonal pattern.
- Ethereum price printed a large bearish engulfing candlestick.
- Invalidation of the downtrend is a breach at $3,039.
Ethereum price shows a bearish stronghold within the price action. Countertrend trading the ETH price trading is deemed high risk and inadvisable.
Ethereum price could continue its decline
Ethereum price appears to be coiling within an ending diagonal formation, a hopeful indication for the bulls….
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