Ethereum has been going crazy for the past days and has demonstrated a strong dependence on its own.
Now we can no longer talk about its correlation with bitcoin given that ETH kept going up while almost every other crypto melted down.
Ethereum is a strong project and is having great changes, 95% of blockchain projects rely on Ethereum network.
But after the quite parabolic move it had, it is time for a correction.
RSI is at an important level where price reversed many times
We can see a volume getting quite with a price-volume divergence and price-RSI divergence.
The next red candle might be tomorrow or the day after tomorrow and it would signal the end of this bull run.
Just watch out.
Share your thoughts in the comments and support me with a follow and a like for the idea.
Have a good day folks.
Now we can no longer talk about its correlation with bitcoin given that ETH kept going up while almost every other crypto melted down.
Ethereum is a strong project and is having great changes, 95% of blockchain projects rely on Ethereum network.
But after the quite parabolic move it had, it is time for a correction.
RSI is at an important level where price reversed many times
We can see a volume getting quite with a price-volume divergence and price-RSI divergence.
The next red candle might be tomorrow or the day after tomorrow and it would signal the end of this bull run.
Just watch out.
Share your thoughts in the comments and support me with a follow and a like for the idea.
Have a good day folks.