ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend stalled at the 3,590 region last week. Although the 50-day simple moving average (SMA) paused the price’s recent pullback, it seems like the cryptocurrency lacks the necessary momentum to push higher. The short-term oscillators reflect that bearish forces retain control. The MACD histogram […]
The post ETHUSD rebounds after 50-SMA rejects decline; bias bearish appeared first on Action Forex.
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