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ETH is showing weakness in its long term rally

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Ethereum (COINBASE:ETHUSD)  
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COINBASE:ETHUSD   Ethereum
Trend Analysis ETHUSD cryptomarket momentum-analysis
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trendanalysis ethusd cryptomarket momentum-analysis
ETH recently has been losing momentum. The rally now showing one of two scenarios:

  1. Consolidation where profit taking is occuring before another rally
  2. Reversal in the trend

We can see this weakness by identifying two aspects in the price action.

  • Fails to make a higher high
  • Breaks long term upward trend

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