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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.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 23:30:42 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 79 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27009195

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/ethereum-consolidates-since-the-big-17419966947255

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