Ethereum Price Analysis: ETH’s rising wedge teases short-term pullback – FXStreet

• ETH/USD bounces off intraday low after stepping back from 2018 top the previous day.
• Short-term bearish chart pattern, MACD signals probe bulls.
• 50-bar SMA, two-week-old support line can entertain the bears.

ETH/USD portrays a bearish chart pattern, rising wedge, following its pullback from the highest since January 2018. The quote recently bounces off an intraday low of $1,160 but remains pressured with over 3.0% losses since the start.
Other than the bearish formation, MACD also favors the short-term…

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