Ethereum Forecast: Continues to Look Threatened

ETH/USD has done very little during the trading session on Monday, as we continue to see the market look as if it is threatened. Recently, we had seen a lot of upward momentum due to the network merge and the upgrade coming, as it has had a lot of enthusiasm enter the Ethereum market. At this point, the market is sitting just below the 50 Day EMA, which is a technical indicator that a lot of people pay attention to. If we break above the 50 Day EMA, we still have a lot of selling pressure above there to keep in mind.

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