Looking at the macro for ETH (Bearish ascending wedge)

Looking at ETH on the Line-Chart set to weekly, we can see a familiar pattern similar to the BTC wedge I've posted previously:

ETH has 3 choices at this current moment:
- Unexpected wave of bullish momentum propels it to the upside breaking the upper TL sparking a parabolic rally
- Slow depreciation in value to the lower support TL before rallying again
- Major selloff sparking a breakdown & freefall

Will update when direction has been decided.

ETHUSD ETHUSD ETHUSD ETHBTC ETHBTC BTCUSD BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSDT

הערה:

Related charts are scattered throughout this idea: