ETH has been falling behind in this recent uptrend and has had the strongest pullback so far from it. However, as BTC starts to correct, I am expecting the ETH pullback to slow down. We are at a key Fibonacci retracement area and are significantly oversold on the 4hr, with divergence in both RSI and CMF. Expect a bounce soon.
Note
Good lord this is brutal. However, we if this hour closes where it is AND we start trading above it, I would say the bounce is in. https://www.tradingview.com/x/iMlWakRa/ [\image]
Note
Looking like we broke up out of a bull flag https://www.tradingview.com/x/LogsXNhR/ [\image]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.