On the daily chart, we can see a divergence from both the RSI and the ROC over the last month. See Low1 and Low2 on chart.
While the ETH price has still been going down, we can see a divergence in both oscillators (Low2 > Low1 for both RSI and ROC) which tend to show that the downward trend is loosing its strength.
If the ETH price break the upper trend line this could confirm the end of the bearish trend. I would go hence be long on the ETH.
While the ETH price has still been going down, we can see a divergence in both oscillators (Low2 > Low1 for both RSI and ROC) which tend to show that the downward trend is loosing its strength.
If the ETH price break the upper trend line this could confirm the end of the bearish trend. I would go hence be long on the ETH.
