Ethereum crossed and closed two days ago under the 1D MA50 for the first time since February 5th. This suggests that more selling could be ahead of us but how low can the price go? We believe it will enter the green range between the 1.0 and 0.0 Fibonacci levels, which has been the Buy Zone of the two rallies of the Fibonacci Channel. It is very likely to come as...
Ethereum is bullish on the 1W timeframe (RSI = 66.069, MACD = 130.450, ADX = 40.617) as despite the nonstop rise since October, it is close to a 1W MA50-100 Bullish Cross. Last time we got this pattern was on August 17th 2020, with the price again on the 0.618 Fibonacci level, having already started the post COVID crash recovery that transcended into the Cycle's...
Ethereum is marginally bullish on the 1D technical outlook (RSI = 58.849, MACD = 64.500, ADX = 17.549) despite the despite the 19 day consolidation, suggesting strong underlying bullish bias. This shouldn't come as a surprise as the long term pattern has been a Channel Up in the last 12 months and on top of that, a Golden Cross was formed last week on the 1D...
