Ethereum (ETHUSD) Testing Key 2500 Level

Ethereum (ETHUSD) is showing early signs of halting its crash from the November record high, but remains vulnerable to a further slide in February. Significantly, although ETHUSD has bounced off a 2 month downchannel support (on the daily chart) and reclaimed a prior uptrend support (on the same chart connecting the February and July lows), odds are elevated for ETHUSD to retest in February the psychologically key 2k whole figure level…

Ethereum (ETHUSD) Weekly MACD Trying to Negatively Cross

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…