Ethereum can't escape from bear grip, targets $882 first
2024-10-28

The price of the second largest cryptocurrency can't raise its head to catch up with
elder brother Bitcoin.
I detected three signs that the bear trend could resume soon.
1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it;
2) RSI is below 50, bearish, also retested the resistance and failed either
3) clear consolidation on the price chart, which implies the resumption of primary downtrend  
The price could retest the bottom of the first leg at $882.
The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.  