EthereumUpdated World Computer
Money Man has noticed that The World Computer is on sale and was wondering if this would be the last sale. Probably not for as long as the questions about the practicalities around proof of stake lingers. Money Man guesses that that is also a contribution factor as far as the correlation with BTC is concerned. I.e. Getting proof of stake to work would go a long way in establishing ETH as an independent asset. (Well, no matter how independent we get, there is still a link to our parents / family.) So, he concludes that the sooner the better for ETH, but not so soon that there are glitches all over the place. Also he anticipates clear changes showing up in his current analysis method.
The chart above is somewhat different (not to the extent talked about above) to the related BTC chart (linked below) as ETH dealt with the “crypto correction” slightly differently. This is as it went into a steeper upward sloping trend before and now seemingly changed back to a flatter trend. The Red Targets are small to separate a cluster of support.
Conclusion: ETH is lingering into either a flag or a triangle (nothing new). Moves from here, as referred to in the BTC analysis could cause more volume going down than would be tempted in on the way up. If there is a big volume event on the way up, Money Man would take note for sure. Very important to me: Please like if you appreciate the effort, please comment and develop this further and Please follow if you see this analysis thread going somewhere that you would like to know about.
The chart above is somewhat different (not to the extent talked about above) to the related BTC chart (linked below) as ETH dealt with the “crypto correction” slightly differently. This is as it went into a steeper upward sloping trend before and now seemingly changed back to a flatter trend. The Red Targets are small to separate a cluster of support.
Conclusion: ETH is lingering into either a flag or a triangle (nothing new). Moves from here, as referred to in the BTC analysis could cause more volume going down than would be tempted in on the way up. If there is a big volume event on the way up, Money Man would take note for sure. Very important to me: Please like if you appreciate the effort, please comment and develop this further and Please follow if you see this analysis thread going somewhere that you would like to know about.
Note
Related BTC analysis 
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Previous ETH contribution 
Note
A note because of ETH's correlation with BTC. Money Man is cautious about the possible CME gap at 17 000 on BTC. We could see it being formed, but it is not probable. The further we go above it, the more momentum the possible retracement back down to it would be generated, the bigger the chance of an overshoot - the bigger the chance of panic selling.Note
Next ETH contribution 
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