Ether could continue underperforming bitcoin in the next month or so - but the technical picture indicates a rotation of capital into Ethereum is near.
Not
Closed above the trend line on the daily for Ethereum. Let's see how the weekly close plays out at the end of Friday.
Not
Potential breakout from channel
Institutions are getting involved in Ethereum right now on a big scale
Not
We are nearly in the ~80% depreciation level now. The last two major drops reversed on the 4th week of December.
Not
Major reversal is underway
Not
Merry Christmas/Happy Holiday's. It is fair to say we have definitely put in a reversal.
Not
Like Bitcoin, Ethereum has gone parabolic. May be important to watch this parabola. I've been of the opinion that Ethereum hits $3000 by 1st or second quarter this year. At some point this rotation will change...
Not
Approaching small support. If broken look for 'sweet spot' to add (purple)
Not
Some resistance is approaching. Based on what I am seeing there is a flight out of altcoins and bitcoin and flowing into ethereum. There could now be a flight out of ethereum and into fiat, rather than into bitcoin.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.