Tag: XRPUSD

Ethereum (ETHUSD) Tries Bouncing Off 61.8% Fib Retrace of Mar20-May21 Rally

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Ethereum (ETHUSD) Breaks Weekly Chart Upchannel Support

Ethereum (ETHUSD) is looking wobbly as it breaks upchannel support (on the daily and weekly chart), dramatically increasing the likelihood of a retest of the psychologically key 2k whole figure level in the next week or so. Significantly, the bounces in the past month have capped at near the 38.2% Fib retrace of the March 2020 to May 2021 rally, forming a right shoulder­like pattern to a Head and Shoulders (seen more easily on the daily chart)…