Post-Price Crash ETH USD Price MovementThe purpose of this publication is to determine the potential ETH USD price movement post the mid-May crash based on an examination of similar situations in ETH USD history. From May 9-13, 2021, the green exponential moving average (EMA), red stochastic relative strength index (sRSI), and blue least squared moving average (LSMA) peaked at 103.73, 102.09, and 99.12, respectively. Over the next 12 days (May 11-May 23, 2021), the green EMA, red sRSI, and blue LSMA descended to a low of 9.58, 23.92, and 38.02, respectively. Over that same 12 day time period the ETH USD price decreased by greater than 60%.
From late August to mid-September 2017, the green EMA, red sRSI, and blue LSMA peaked at 99.60, 99.21, and 97.15, respectively. Over 14 days (August 31-September 14, 2017), the green EMA, red sRSI, and blue LSMA descended to a low of 6.97, 24.10, and 35.98, respectively. Over that same 14 day time period, the ETH USD price decreased by greater than 49%. How did ETH USD respond to the bottoming out of the Phoenix Ascending indicators and price crash? Over the next 121 days (September 14, 2017-January 13, 2018), ETH went on an epic run. The ETH USD price increased by greater than 606% during that 121 day period.
