Ins1d1a
Long

ETHUSD - Weekly RSI bullish divergence fractal.

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Only on USD exchanges since USDT exchanges closed at a different price.
Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI .
The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence.
Now we can see that the 2017-2018 bull run ended with a similar weekly bearish divergence and is now forming a bullish divergence with almost identical price action to 2016 after an 87% retrace.
This divergence is not as strong as before but if it confirms it is reasonable that we will see an extended bull market for ETH once again.

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