The ETH technical analysis displays a continuation of bearish momentum as the Ethereum price actions do not show any signs of reversal, despite RSI representing buying opportunities for the traders. While the global cryptocurrency market cap dropped by 1% on Wednesday, Ethereum (ETH), the second-most valuable cryptocurrency, has also been in red due to increasing bearish sentiments. Despite early recovery efforts, ETH has been trading sideways between the range of $1175 and $1227 on Thursday. Currently trading at $1191, the 3.32% drop in the last 24 hours kept ETH under the influence of bearish momentum. At $146.1 billion, the ETH The post ETH Technical Analysis: Buyers Struggling To Form Reversal Pattern appeared first on Cryptoknowmics-Crypto News and Media Platform .
