Tag Archives: rising trendline

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

Ethereum’s ascent stalls at $3,446, a king dethroned. The rising trendline, a loyal subject since April, lies broken. Once a bastion of higher lows, its collapse whispers of mutiny in the market, hinting at a shift in power. The bulls’ grip loosens. Derivatives hint at bulls digging in, but don’t mistake this for a rally. It’s more of a desperate …

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