ETH/USD: Signs of a New Breakdown Sequence Materialize

ETH/USD: Signs of a New Breakdown Sequence Materialize

2020 allowed for an impressive recovery across the cryptocurrency sector, but signs of a new breakdown sequence started to materialize. The rally over the past two weeks elevated most established cryptocurrencies, but divergences are expected to follow. Ethereum pushed into its resistance zone, resulting in the redrawing of the Fibonacci Retracement Fan sequence.