We decided to take a look at the bigger picture in Ethereum (ETH). As we have written, it's a little frustrating being an Ethereum (ETH) fan. If you look at a two-week chart, it may not be all that bad. There is a Fibonacci time analysis on a two-week chart that shows Ethereum (ETH) may have been through the worst. Previous Fib time points have pointed to either major lows or highs. There hasn't been immediate gratification, but there's hope.
Bottom Line: Generally speaking, we will not be surprised if crypto slumps before and after CME futures expiration. We are back to being encouraged by the fact that Ethereum (ETH) is building a base. This seems to create a greater chance that a dip-buying strategy will work.
Bottom Line: Generally speaking, we will not be surprised if crypto slumps before and after CME futures expiration. We are back to being encouraged by the fact that Ethereum (ETH) is building a base. This seems to create a greater chance that a dip-buying strategy will work.
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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.