Eth Bounce On Btc

Oct 24

Eth approaches major support which should lead back up to 0.05 btc. Which will likely lead to another attempt at major resistance at 0.1 btc. If 0.1 btc breaks then eventually 0.79 btc will be the next major major resistance. In 2021 Eth cleared 0.03 without checking back into it testing it's support. This is the retest.

Nov 19

Trade active

Amazingly the ETHBTC chart is not very accurate from Binance or Poloniex. If you compute the ETHUSD/BTCUSD pair yourself I'm actually showing 0.03318 as the support area. Which we seem to be tapping today. That also changes the upper resistance target to 0.0564. So we weren't far off that this matters much, but just wanted to update those that this area is still very much a buy area for Eth :)

Nov 21

Note

Good bounce off support and trendline!

Dec 6

Note

1.37M Ethereum are loaned out on Aave platform. That's 5.56B worth of Eth borrowed and sold short. That's more than all the USD loaned out on Aave (4.5B). This is going to be significant fuel for the eth bull market.

5 days ago

Note

Second retest of support. That's usually the final hit