Looking at the big picture on the 4-hourly timeframe, ETHFI is clearly bearish, with lower highs and lower lows, indicating a downtrend. No indicators are signaling bullishness. I think people should stay out of it, as there are many better opportunities in the market. Don’t go for it; it’s currently in a choppy zone. A bullish case would only be valid if it breaks the trendline and makes higher highs.
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