ETH has once again tested various resistance and is back within the trendline (down) line. However, it ended up slightly higher within the pitch-fork uptrend, hence a cross roads. May people are anticipating next FED announcement on 21 Sept. Strap in and be prepared for a big SWING. Up or down, what's your bet? PS: there will be lots of speculations prior such...
Didn't see that coming. What you should know is that ETH supply will fall by 90% after the merge, from 13k daily to now 1.6k per day. That brings ETH to the same playing field as BTC. With it's smart contract adoption for Web3 the demand will increase overtime ultimately. You know how low supply and high demand takes us, right? For now, sit back, relax and let...
Well the drastic movement from yesterday's CPI was expected. Most importantly to monitor the moving trend. Downwards trend is never a bad thing. What goes down must come up and vice versa. Will you be there to catch it, or you will be just sitting around waiting for it to hit the bottom, and when will that be? I'm personally taking the strategy to scalp these ups...
www.tradingview.com ETH has fallen from 17xx to 168x at the time of writing as it failed numerous time to break 178x resistance. Volume Profile doesn't look solid at this price range. Foresee it may drop lower to 163x range. However, it has been a roller coaster ride for the last few weeks as ETH keeps defying the norm. Let's see 13 Sept CPI data takes us. Trade Safe.