Ethereum price analysis: ETH/USD lacks the momentum needed to break above downward …

Ethereum price analysis: ETH/USD lacks the momentum needed to break above downward trending line

The Moving Average Convergence/Divergence (MACD) indicates sustained bearish momentum. The Elliott Oscillator is back to being in the green after one bearish session. ETH/USD is on course of charting three bearish days in a row. This Tuesday, ETH/USD had dropped from $174.62 to $171.55 and has gone down further to $171.20 so far this Wednesday.