Ethereum has barely moved over the weekend. We just ran sideways and formed one higher high after another, but this one with significantly less volume.
At the moment we are trading at about 1,500 USD and thus again in the 4H-EMA Ribbons. These have been giving us support for a little longer now. Breaking these, we could get a first sell-off towards $1,360.
This is where our first support box and the monthly support P (1,300 USD) are located. Since the bearish divergence continues to build up on many units of time, we will most likely go much lower at the start of the week.
