Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?

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Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? - NewsBTC

Quick Summary:

President Trump’s policies have further fueled the sell-off in risk assets.Since the U.S.elections in November 2024, macroeconomic volatility and rising uncertainty have driven markets lower.With the U.S.stock market hitting its lowest levels since September 2024, investors remain on edge, questioning if Ethereum has further downside ahead.

With macroeconomic volatility and trade war fears weighing heavily on risk assets, Ethereum continues to face selling pressure, making it difficult for bulls to build momentum for a recovery.

Top analyst Daan shared insights on X, revealing that Ethereum has been consolidating since the major sell-off and has formed a falling wedge pattern—a bullish formation that could indicate a local trend reversal.