According to an article by Fakhan, published on Cryptodaily.co.uk, Ethereum looks bullish although its recent movements have been negative. Projects that were built on Ethereum have continued to dump their coins on exchanges. This is has also ocurred with Eos companies that dumped a significant chucnk of their Ethereum coins on Bitfinex.

The fundamentals for Ethereum, overall remain positive as it is still the coin with the highest market cap as far as the protocol and dapp market goes.

When you take a look at the TA on large scale time frames like 1 month you can see that it could potentially bounce up and continue the upward trend.

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