Sen_Crypto

🔴ETHUSD Macro Update MAY22 2024

COINBASE:ETHUSD   Ethereum
BTCUSDT has now hit the short term take profits range at 71-73k range from the 60ks average support.
Now will give price action time to either clear the resistance or breakout out to the next level at 79-81k range. So must take some profits.
The 3D MACD is attempting to cross positive, Will keep a close eye one it.

ETHUSDT also broke out from the $2850-3150 macro pivot support.
Its 3D MACD is positive. This could be a fractal from the last positive crossover on the 3D in early February in which the price action rallied 70%.

$3650 is a M pivot as it failed to close above it in March.
Therefore, closing above $3650 in May could strengthen the macro Bull Trend.
The next level of Resistance is at $5000.

So far Alts are weak against ETH possibly due to the ETHER ETF high approval chance.

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