$ETH unexpectedly turned down slightly on December 4th, is the bullish momentum over?
After two days of strong explosion closing data for Dec 4 shows ETH had a slight correction with a 1.77% decrease going against bulls expectation of continued rally
🔹 This drop is quite similar to the 2024 scenario up 6.05% then down 1.52% the next day suggesting this could be a normal short-term profit taking after a hot streak
🔸 However on Dec 5 ETH showed signs of green again 1.14% proving demand at support zones is still quite good. History shows Dec 5 is often a positive day 2020 up 5.22%, 2024 slightly down but then up again
🔹 If ETH does not soon regain strong momentum like on Dec 2 the risk of sideways movement in a narrow range is very high before a clearer trend emerges at the weekend
Do you assess this drop as a buying opportunity or an exit signal?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.