Is Ethereum on the way to the descent?

    17 May 2021

    Judging by the Ether pattern, we can assume its possible decline

    After trending higher since January, a reversal pattern has formed on the chart. This means a new downtrend may be forming.

    When markets are moving higher the bulls are in charge. When they’re going lower the bears are in control. A reversal pattern is an illustration that leadership is changing.

    The “rounded top” pattern on the ETH chart could show the bears are taking control. This means an extended move lower may follow, writes Benzinga.

    Average transaction fees on the Ethereum network have dropped 74% over the past five days. On May 17, it is $ 9.8. On May 12, the average commission within the network of the largest altcoin in terms of capitalization reached an all-time high at $ 37.8.

    Leave a Reply

    Your email address will not be published. Required fields are marked *