Ethereum has been the stronger of the two biggest cryptocurrencies since it has only fallen about 18% compared to bitcoins about 30% since the 69k all-time high.
A visible double top is noticeable around the 4.7k range.
The double top is pointed out by the arrows in red.
This is the CME Ethereum futures chart. Big players play here through these contracts. This is because the contract is 50X one Ethereum. Furthermore the CME requires a 50% margin requirement.
On this Chart we can see a double top.
The red arrows are showing a wave trend indicator.
A visible double top is noticeable around the 4.7k range.
The double top is pointed out by the arrows in red.
This is the CME Ethereum futures chart. Big players play here through these contracts. This is because the contract is 50X one Ethereum. Furthermore the CME requires a 50% margin requirement.
On this Chart we can see a double top.
The red arrows are showing a wave trend indicator.