Ethereum Going Above $2,444 Within Weeks!

16 Jul 2022

This is the weekly RSI for Ethereum (ETHUSD).


We have the lowest value ever 13-July.
Telling us that Ethereums is deeply oversold.

We also have a lower low 13-July 2022 vs 18-December 2018.
While Ethereum is clearly within higher lows; Hidden bullish divergence.

Now, on the main chart we can see a bearish crossover between EMA50 and EMA10.

When you see a bearish crossover there is always a very strong pullback.
But this crossover at the same time signals lower prices mid- to long-term.

So we get a pullback/relief rally/bounce, short-term and then a correction based on this signal.

The green/bull trading volune this week is the highest since May 2021.
This is also a very strong signal.

Ethereum will grow like there is no tomorrow in the weeks to come...
Stay sober, remember March 2022...

After a few weeks we become complacent and forget that we have to collect profits because the market moves in waves... Up and Down, up and Down...

We went down so now we go up...

This up won't last forever but it will be a great relief for the cryptocurrency market as a whole.

Namaste.