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…
Ethereum (ETHUSD) has completed a major bottom, gaining in the past 12 days and is suddenly back above the psychologically key 2.5k whole figure level. Significantly, ETHUSD is quickly approaching the 38.2% Fib retrace of the March 2020 to May 2021 rally…
Ethereum (ETHUSD) has rebounded strongly in the past 4 days, making good progress in halting the massive slide since the May record high. Significantly, ETHUSD has reclaimed the psychologically key 2k whole figure level, and is quickly approaching the 50% Fib retrace of the March 2020 to May 2021 rally…
Ethereum (ETHUSD) is in the early stages of trying to halt a roughly 2 week slide (within the broader reversal since the May record high), and is once again on the verge of reclaiming the psychologically key 2k whole figure level. Significantly, until ETHUSD reclaims the 50% Fib retrace of the March 2020 to May 2021 rally, odds remain high for a retest of the May and June lows in July…
Ethereum (ETHUSD) has given up much of the prior week’s rebound, and is once again nearing the psychologically key 2k whole figure level. Significantly, ETHUSD has slid back below the 50% Fib retrace of the March 2020 to May 2021 rally, with a high likelihood of retesting the May and June lows in July…
Ethereum (ETHUSD) continues making progress in trying to halt the slide from the May peak, with the bounce from the May low having reversed much of the prior week’s losses. Significantly, any green weekly candle this week above the 50% Fib retrace of the March 2020 to May 2021 rally will dramatically increase the likelihood of a test of the June high in the week or so after…
