ETH looks to be running out of momentum
ETH looks to be hitting a bit of divergence in the short term (red dotted lines on price, volume, and oscillators) as things start to taper off as ETH continues in its upward short-term ascending channel (red dotted lines on price). However, this looks fairly good for ETH in the long term, as a retracement to the Fibonacci levels near 1.7K for the current uptrend could propel the price upward past the ATH after the next week.
Everything looks pretty promising in the long-term from what I can tell for ETH particularly if the uptrend holds (white line), so it should be interesting if indeed any dip occurs before a continuation upward.
However, if anyone else sees any other indicators that seem to trigger the opposite or a more defined confirmation, I would love to hear your thoughts, (particularly as ethereum could continue in this channel over the next few days to near 2K), so please feel free to leave a comment with what you think.
Everything looks pretty promising in the long-term from what I can tell for ETH particularly if the uptrend holds (white line), so it should be interesting if indeed any dip occurs before a continuation upward.
However, if anyone else sees any other indicators that seem to trigger the opposite or a more defined confirmation, I would love to hear your thoughts, (particularly as ethereum could continue in this channel over the next few days to near 2K), so please feel free to leave a comment with what you think.
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