The market and ethereum started to go lower what does it mean this particular market in ethereum is still weak for the most part.
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What the price has been doing on a different time frame we're still seeing some weakness this price to go higher we missed it the market couldn't do it gives us even more credibility as to what this particular market is feeling and it is feeling weak.
We're still seeing weakness this all into perspective because i don't want anyone in our team anyone in our community to be emotional i want you all to think that the market is going to completely crash to the downside i'm not saying that we can see the market come back down to the low of this particular days bar.
The market can still come down to that particular level especially for a longer time frame the market in ethereum has closed lower than the previous one six that kind of gives you a just as to there's no one really interested in buying ethereum at the moment.
If the demand that the interest was still involved in the space where the market closed lower than the previous one we got to be real worth ourselves and when we get this type of indication on the chart this is the trend into the marketing matter you think the price can come all the way back down to this overall trend in the long term
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Hi! Thanks for sharing your analysis, I agree, at least short term there is still weakness and more downside to come, however, I believe soon enough we might get a bullish run, at least after clearing the lows at 1.7k level. Let's see, great content!