Ethereum Bearish Perspective

May 3, 2021

Bag holders are created within Fomo markets, markets that seem to good to be true. I speak as a trader with over a decade of experience when I say that we are looking at a Fomo market developing in Ether. Ether has rejected 2 times off of the resistance line highlighted in blue, once in 2017, once in 2018 and currently we are sitting right below the line. If history repeats (and I think it will) we will witness Ether make a significant move downward within the next several day.