The OBV has been in decline over the past month, and the CMF showed no notable influx of capital into the ETH market since early July- can the bulls turn things around soon?
thereum’s [ETH] Price PredictionTechnical indicators showed that there was steady selling pressure behind the asset over the past month. Analysis of the price action outlined areas where a bullish revival could occur. Here’s what traders can be prepared for.Source: ETH/USDT on TradingView
However, the trend on the 1-day chart was not yet bearish. There was no strong trend at the moment but the bulls are favored in the coming weeks. This was because the Ethereum rally to $2029 in July showed bullish intent.
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