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…
Ethereum (ETHUSD) spent the past week consolidating again near the 61.8% Fib retrace of the May-Jul Fall. Significantly, the ETHUSD remains vulnerable to falling further this week as part of a healthy correction from the September high, particularly with ETHUSD testing upchannel support (on the daily chart)…
Ethereum (ETHUSD) saw a fairly sharp but healthy correction this past week, and is now testing upchannel support (on the daily chart) and the 50% Fib retrace of the May-Jul Fall. Significantly, although odds are decent for the ETHUSD to slide further this week to the psychologically key 3k whole figure level, the likelihood is fairly low for now that ETHUSD is at the beginning of a deeper slide similar to what was seen in May-June…
Ethereum (ETHUSD) is seeing some healthy consolidation after briefly breaking above the psychologically key 4k whole figure level Friday. Significantly, although odds are moderately high for a retest of the record high in September, the steepness of the rally extension since late July suggests a high likelihood for the mild profittaking that has just begun to last another week or so…
Ethereum (ETHUSD) has consolidated for a 2nd straight week just below the 61.8% Fib retrace of the May to July slide, digesting the massive rally off the Triple Bottom May/June/July low. Significantly, although ETHUSD is likely to retest its record high by year end, the steepness of the late July – August rally keeps the likelihood of retesting the key 4k level by October sometime to moderate…
Ethereum (ETHUSD) has rallied powerfully since forming a Triple May/June/July bottom, but appears vulnerable to further healthy consolidation this week as it nears the 61.% Fib retrace of the May to July slide. Significantly, although ETHUSD is fairly likely to retest its record high before year end, the odds of profittaking back to 3k this week is moderately high…
Ethereum (ETHUSD) has rallied powerfully these past 3 weeks, but could soon see a bit of healthy consolidation around the 61.% Fib retrace of the May to July slide. Significantly, although ETHUSD appears moderately likely to retest its record high sometime in the next few months, the odds of profittaking back to 3k this week is high…
Ethereum (ETHUSD) has rallied powerfully these past 2 and a half weeks, reversing half of the May to July slide, and is suddenly back above the psychologically key 3k whole figure level. Significantly, with ETHUSD back above the 38.2% Fib retrace of the March 2020 to May 2021 rally, the odds of healthy profittaking back to 3k sometime this week is high, with a deeper correction in August below 2.5k unlikely…
