Ethereum [ETH] showed chances of a bounce from this support

The Ethereum 4-hour chart showed that the market structure was strongly bearish. A session close above $1890 would be required to flip the structure.

into exchange addresses coincided with ETH dropping below the $2080 level. In the past few hours, another large wave of inflow was spotted. Can traders expect the same outcome?

Moreover, the RSI was at neutral 50 but was forming a hidden bearish divergence with the price. This suggested a continued downtrend was possible.If Ethereum bulls can force a bounce, the $1925 and $2040 levels are resistances to watch out for. The trading volume in the past couple of days was average for the past 20 days, which suggested this bounce was likely not fueled by genuine demand.

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CryptoAmb /  🏆 22. in CA

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