InTheMoneyMike

$ETH/USD TOO SOON TO CALL BULL MARKET?

Short
COINBASE:ETHUSD   Ethereum
A lot of people across TradingView and X (Twitter) have been calling the bull market. In my opinion it's far too soon and investors should still be weary.

Here's why ETHUSD might have some more pain ahead:

On the technical side - We have a text book bearish wedge/pennant on the weekly chart pointing to more pain unless proven invalid

On the fundamental side, we're seeing continued regulation crackdowns and lawsuits as crypto tip-toes on a fine line between being labeled a security

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