Ethereum Correction Looms as Bearish Divergence Forms**
#Etherium #BEARISHđ #bearflag #Binance #BinanceSquareFamily
Ethereum (ETHUSD) appears to be heading for a correction, as a **bearish divergence** has formed on the **MACD indicator** within a **rising wedge chart pattern**.
This confluence of signals suggests a pullback is likely in the near term. The correction may persist until ETH hits the next marked support level.
The rising wedge pattern is a known bearish signal, and with the MACD divergence, this adds weight to the potential downturn for ETH.
Conclusion :
Ethereum is showing signs of weakness, with a likely correction on the horizon due to bearish divergence and the rising wedge pattern.
Advice for Investors :
Monitor Ethereum's price closely and consider waiting for the correction to complete before making any new long-term positions. Always implement risk management strategies.
