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<ul class="news-points"> 
 <li>ETH faced rejection at $1,898 as buying pressure failed to overthrow sellers’ presence.</li> 
 <li>A sell signal could arise if the MFI continues its downtrend and ETH doesn’t hit a higher high.</li> 
 <li>While slight bullish sentiment appeared, ETH might not eventually succumb to an uptrend.</li> 
</ul> 
Although traders have shifted attention from <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/" rel="noopener noreferrer nofollow">Ethereum (ETH) and Bitcoin (BTC)</a> lately, ETH was on the verge of finally losing hold of any sign of a bullish pattern. Recently, the altcoin has been hovering sound $1,860— a similar range it was seven days ago. 
ETH’s biggest concern might not be breaking above the $2,000 region, but its potential to lose hold on $1,800. However, if the crypto market cap recovers from its decline, then ETH could approach $2,000 and possibly move above it. 
<h2 class="wp-block-heading" id="h-eth-has-been-rejected"><a></a>ETH Has Been Rejected</h2> 
From the 4-hour chart, ETH’s attempt to cross into the $1,900 has been met with an overwhelming rejection at $1,898. The pause in the uptrend could be linked to traders’ inclination to sell the asset on July 22 and 24. 
While the $1,800 has been closely watched, <a href="https://coinedition.com/ethereum-eth-price-prediction/" rel="noopener noreferrer nofollow">ETH faces a crucial resistance</a> of around $1,890. Recent market movements indicate that the resistance is not lo… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/why-ethereum-eth-traders-should-brace-up-for-a-potential-downtrend/">Why Ethereum (ETH) Traders Should Brace Up for a Potential Downtrend</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Why Ethereum (ETH) Traders Should Brace Up for a Potential Downtrend

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