ETHUSD Breaks Above Trendline But Fails to Rally

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<p>ETHUSD conquers downward sloping trendline Meets strong resistance though at crucial technical level Momentum indicators warn for impending pullback ETHUSD (Ethereum) had been forming a structure of lower highs in the four-hour chart since its peak at 2,136 on November 10. However, yesterday, the price managed to violate the descending trendline that connects its recent [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528746-ethusd-breaks-above-trendline-but-fails-to-rally/">ETHUSD Breaks Above Trendline But Fails to Rally</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>