Ethereum (ETH): A Scenario for an Incremental Lower Low

SUMMARY

Ethereum (ETH) is showing its 4 hour MACD to be breaching the upper resistance of the contracting lines. The below chart shows (yellow circle) and the white line could re-enter the triangle or sit on the prior resistance line as support.

The histogram is putting clear higher highs and this had been diverging from price for quite some time now (since mid February).

Here are the microcounts showing the scenario for an incremental lower low which is positively diverging from the MACD pathway.

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