Bitcoin, Ethereum, and effectively all other digital assets have absolutely exploded after bottoming in mid-December of last year, just as they did in 2018.<\/p>\n
Since falling as low as $120 in December, ETH has surged as high as $175<\/a>, rallying as the leading cryptocurrency BTC has pressed higher<\/a> on the expectations of the upcoming halving.<\/p>\n But, according to a prominent cryptocurrency trader, Ethereum’s bullish trend is likely at an exhaustion point, pointing to a clear divergence that shows the price may soon drop. Hard.<\/p>\n According to Cold Blooded Shiller,<\/a> Ethereum may soon move down “hard and fast,” despite the fact that it has effectively formed a consolidation range between $160 and $175. Backing his assertion, he looked to the fact that per one of the indicators he used, a bearish divergence has formed, with prices falling as the metric has trended higher.<\/p>\n This is notable as a bullish divergence \u2014 the opposite of the bearish divergence \u2014 preceded the 45% rally from $120 to $175 in a few weeks’ time.<\/p>\n Wait till $ETH<\/a> begins to move down. It'll be hard and fast. pic.twitter.com\/gvtFZ7XfiW<\/a><\/p>\n — Cold Blooded Shiller (@ColdBloodShill) January 23, 2020<\/a><\/p><\/blockquote>\nEthereum Prints Bearish Divergence<\/strong><\/h2>\n
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