ETHUSD: Peaked and this rejection is targeting $1,360EthereumCRYPTO:ETHUSDInvestingScopeEthereum remains highly bearish on its 1W technical outlook (RSI = 41.527, MACD = -300.290, ADX = 21.473) as the long term bearish trend remains intact. This week capitalized on the failure to cross above its 1D MA200 and with a standard LH Bearish Divergence formed on the 1D RSI, it seems to have technically peaked. This is the very same formation that was seen on all 3 prior market peaks of the Bear Cycle. The rejection on the 0.5 Fibonacci level is another similarity and according to this, ETH may drop to the 1.236 Fibonacci extension (TP = 1,360). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##