Similar to BTC, it would appear ETH is abiding by #ElliottWave Theory post recent correction.
RSI using the standard TV 14 close is still sub 50 with plenty of upside potential. ETH could have a bigger move than the king, only time will tell.
Following the correction, similar to BTC I think we have seen wave 1, then the wave 2 pullback and we look to be in wave 3 which if so, is typically the biggest bull.
As with anything #EWT this a macro outlook, where I do expect a test of the ATH, however, arguably Ethereums' fundamentals and external price play vary more so than BTC this time round. I will do a ST price analysis to follow on 1hr candles, with various ST support levels to follow.
RSI using the standard TV 14 close is still sub 50 with plenty of upside potential. ETH could have a bigger move than the king, only time will tell.
Following the correction, similar to BTC I think we have seen wave 1, then the wave 2 pullback and we look to be in wave 3 which if so, is typically the biggest bull.
As with anything #EWT this a macro outlook, where I do expect a test of the ATH, however, arguably Ethereums' fundamentals and external price play vary more so than BTC this time round. I will do a ST price analysis to follow on 1hr candles, with various ST support levels to follow.
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