{"id":56125,"date":"2019-09-04T03:00:05","date_gmt":"2019-09-04T01:00:05","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=56125"},"modified":"2019-09-04T01:49:37","modified_gmt":"2019-09-03T23:49:37","slug":"key-ethereum-trend-indicator-flips-bullish-eth-revival","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/key-ethereum-trend-indicator-flips-bullish-eth-revival\/","title":{"rendered":"Key Ethereum Trend Indicator Flips Bullish: ETH Revival?"},"content":{"rendered":"\n
Over the past few weeks, Ethereum has been absolutely slammed. Not only has its price fallen alongside Bitcoin, but it has been underperforming the market leader by dozens of percent. <\/p>\n\n\n\n
But, data shows that the cryptocurrency may soon be ready to embark on some form of recovery. York780, a well-known trader on Twitter, recently noted that the one-week stochastic recently flipped bullish on Ethereum’s one-week chart, which comes after a two-month-long bear trend that originated in early-July. <\/p>\n\n\n\n
The stochastic is an oscillating technical indicator that tracks trends, implying that bulls are back in control of Ethereum. <\/p>\n\n\n\n