Ethereum : ETH still BULLISH - Here's Why

29 Sep

From a macro analysis, ETH is very clearly in a bullish season. Apart from the obvious (following Bitcoin) there are a few other factors from which we can deduce that ETH is gearing up for another impulse wave UP.

👉 Higher lows
👉 Diagonal trendline acts as macro timeframe support
👉 Currently Three-White-Soldiers in the weekly - Bullish candlestick pattern

From a technical indicator perspective, we can see a healthy bounce on the lower white trendline. We can expect the rally AFTER the price reclaims the now upper red trendline (at which point it will turn GREEN).


The price is about to reclaim the 50d Moving Averages which, in the weekly timeframe, signals a bullish move:


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ETHUSDT