2 Signs Ethereum's Bearish Tendency Will Revert

1 May 2022

For a pretty long time, Ethereum has been in a bearish tendency, but, because of these signs, it will probably revert. The first one is that it is diverging. The RSI is going up despite Ethereum dropping, meaning there is a chance it will revert at any time. The second one is that it's testing the 50 EMA line. Moving Averages with high numbers (50,200, etc) normally show a market's tendency, but, because Ethereum is testing one of those numbers, it potentially means a warning that it will reverse.

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