Published On: Fri, Jun 30th, 2017

Ether Price Analysis: Bears Chasing Back a Bullish Price Rally

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Following a devastating bear market last week, several major market players saw a reversal pattern called a Double Bottom Reversal.  For reference, please check out the previous BTC-USD market analysis where an in-depth description of Double Bottom Reversals is outlined.Figure 1:  ETH-USD, 4HR Candles, Gemini, Double Bottom ReversalThe buy-back volume seemed very promising on the reversal pattern and it even saw textbook characteristics of a healthy bull rally.  However, if we take a closer look at the market move, we can see something slightly concerning regarding the health of the bull trend.  To gain some insight, …

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