Ethereum (ETHUSD) is deepening in its correction, and appears poised to slide further this week. Significantly, ETHUSD is at high risk of exceeding the September pullback in magnitude, following in Bitcoin (BTCUSD)’s footsteps…
Ethereum (ETHUSD)’s is near complete on its first long bodied red weekly candle since September, and appears vulnerable to a deeper consolidation the balance of November despite a tentative bounce off the psychologically key 4k whole figure level. Significantly, ETHUSD was rejected this past week at what somewhat resembles upchannel resistance (on the weekly chart), although the long lower shadow of the near complete current weekly candle suggests we are more likely to see a further slide similar to what occurred in September as opposed to in May…
Ethereum (ETHUSD)’s near complete weekly Doji after 4 straight green weekly candles reflects healthy consolidation after the fresh record high early this past week. Significantly, ETHUSD is hesitating as it nears upchannel resistance (on the daily and weekly chart), coinciding roughly with the psychologically key 5k whole figure level…
Ethereum (ETHUSD) rallied to another record high mid week, and is seeing a bit of healthy consolidation as it bumps up against upchannel resistance (on the daily chart). Significantly, ETHUSD appears to be extending what some would argue on the weekly chart has been a Bull Flag (on the weekly chart), or continuing an upchannel…
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Ethereum (ETHUSD) is consolidating after surging in the past week to its record high. Significantly, ETHUSD decisively broke above triangle resistance (on the weekly chart) last week, setting the stage for the next extension of the major rally from the March 2020 low to the May 2021 peak…
Ethereum (ETHUSD) surged in the past week, and is suddenly within a week’s volatility of testing the September and 2021 high. Significantly, the much higher September low versus the July low dramatically increases the odds of a decisive break above triangle resistance (on the weekly chart) this week…
Ethereum (ETHUSD) tacked on more gains last week, and is likely to consolidate this week before it can resume rallying back towards the September and 2021 high. Significantly, with ETHUSD back above the psychologically key 3500 whole figure level, odds are suddenly elevated for a higher October low versus the September low, and for a retest of triangle resistance (on the weekly chart) in October…
Ethereum (ETHUSD) has rebounded sharply since mid last week, and appears to have halted the slide since the September peak with the current weekly candle having more than reversed last week’s losses. Significantly, ETHUSD has bounced from the 61.8% Fib retrace of the July to September rally, and is suddenly nearing the psychologically key 3500 whole figure level…
Ethereum (ETHUSD) has slid sharply since the September peak and appears at high risk of extending the downturn going into month end. Significantly, ETHUSD is retesting the 50% Fib retrace of the July to September rally, and has fallen back below the psychologically key 3k whole figure level…
