Numerous ETH indicators show that the second largest cryptocurrency on the market is set for a reversal
Since the beginning of May, Ethereum had tested the 21-day moving average three times and failed to break through due to a variety of factors, including outflows of funds from the cryptocurrency market and increased investment risks.As for now, Ethereum is getting ready for another test that would be the fourth in the last two months.
Such a high number of tests of one resistance could indicate that bulls are yet unable to push Ethereum higher because of the lack of inflows on the market.The Relative Strength Index on the daily chart is one of those indicators that hint at a reversal on Ethereum.
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