NEWSBTC: Ethereum Intraday Analysis Feb 22, 2018: Upside Corrections but Downtrend Dominates On Daily Chart
As visible, the ETH/USD trend is kind of mirroring the other top cryptocurrencies. Earlier this week, the pair had established 976 fiat as the new weekly high, and we were in hopes to meet upside targets. But the bullish momentum got spoiled mainly by technical factors. So we’ll not assume any fundamental factor behind this downtrend for the rest of this analysis. That would be theoretical.
Chart credits: www.tradingview.com
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