The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September

3 days ago

As the crypto market bounces, a key indicator has

The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September

The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September

As the crypto market bounces, a key indicator has flashed a key bullish signal on the Ethereum (ETH) daily chart, suggesting the end of its six-month downtrend could be near. However, some analysts have warned investors of a possible bull trap and a subsequent reversal to new lows.

SuperTrend indicator flips from sell to buy. Source: Ali Martinez
Ethereum trades at $2,286 on the one-week chart. Source: ETHUSDT on Tradingview

Featured Image from Unsplash.com, Chart from TradingView.com

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