Why the Ethereum Rally Is Likely to Fail This Month | Beware



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Why the Ethereum Rally Is Likely to Fail This Month | Beware
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Ethereum has been trending higher since July. However, the recent price action for ETH doesn’t look all that healthy.

The rising wedge on the daily time frame suggests a pullback from Ethereum as early as this week. And even if we do see Ethereum break higher, an upside break of a rising wedge like this is more likely to fail.

Combine this ETH technical pattern with current macro headwinds, and it becomes easy to see how this may not end well for bulls.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Category
Cryptocurrencies
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