Recap: Price went well above the previous analysis’ Green 3, dropped down to Green 2 and is back at the same level above the previous Green 3. All eyes are on the ascending triangle that resulted. Here volume is also ready to explode as everybody is looking at everybody else to make the first move. It is so obvious that it is concerning.
Conclusion: ETH has had London happen and it is not clear as to what price is going to do with this update. Probabilities state that things are more likely to progress the way it has, but as always there is a but: BTC is really in indecision now and a move could be sudden. ETH’s old habit is to follow, upwards, with hesitancy, waiting for BTC to accept its higher price and then makes the last move up, or if BTC moves down, ETH tend to do so even more harshly. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: ETH has had London happen and it is not clear as to what price is going to do with this update. Probabilities state that things are more likely to progress the way it has, but as always there is a but: BTC is really in indecision now and a move could be sudden. ETH’s old habit is to follow, upwards, with hesitancy, waiting for BTC to accept its higher price and then makes the last move up, or if BTC moves down, ETH tend to do so even more harshly. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
הערה:
Previous ETH analysis
הערה:
Next ETH analysis
