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Ethereum (ETH) Strong Bearish Signal, Incoming Drop!

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!

Take a look at the highlighted candled (yellow) on the chart... This red/ bearish candle is also high volume and signals that ETHUSD can easily move lower now.

We also have another bearish candle developing now with prices moving below EMA10.

When a pair moves below EMA10, we switch our potential from bullish to bearish .

Bitcoin ( BTCUSD ) and Ethereum ( ETHUSD ) tend to move together.

We've been bearish on Bitcoin since prices peaked and haven't been able to break the $10,500 resistance.

Now, ETHUSD is also looking like a drop .
The indicators are also turning bearish .

Conditions for change
If prices move and close above the last high (marked with a bold magenta dashed line), this whole bearish setup is invalidated and a new analysis is needed.

Click below to see a long-term chart for...

Thanks a lot for your continued support.

Namaste.
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