Ethereum price has been shedding since November and shows no signs of stopping as it revisits the November 9 swing lows. This development, while bearish, has produced signals that could hint at a local bottom formation and an incoming trend reversal. Ethereum price hints at reversal: Ethereum price has dropped 36% from the November 4 swing high at $1,680. This massive downtrend created a bottom at $1,073 on November 9, which triggered a quick but ephemeral recovery to $1,350. After setting up this local top at $1,350 and accumulating buy-stops above it, ETH followed Bitcoin and undid the recent gains. As a result, ... (full story)