Technical Analysis – ETHUSD pauses retreat but negative bias holds
Posted on April 28, 2022 at 2:39 pm GMTETHUSD (Ethereum) has been trending downwards since early April when the 3,570 region rejected its upside impetus. Although the cryptocurrency found its feet in the last couple of sessions, it currently appears to be lacking the necessary momentum to storm higher. The short-term oscillators reflect that the bearish forces are retaining control. The MACD histogram is currently below both zero and its red signal line, while the RSI is hovering beneath its 50-neutral threshold. Should negative momentum intensify further, the price could challenge the recent [..]