Ether Futures

$ETH is again @ a major inflection point

64
ETH looks the best it has in weeks.
#ETH, like #BTC, gapped up & the volume is good. However, it's being stopped by the MAJOR DOWNTREND it's been in.

RSI looks good, momentum is there, & this means that we could very well be @ a point where it breaks this LONG DOWNTREND.
This is HUGE as it would be extremely bullish for #ethereum. That in turn would be VERY GOOD for #altcoins.

Amid all this chaos, why?
Could be the extreme weakness in the US #Dollar, #yields CRASHING, or could be the recent pump by takeovers, like #HSBC, & FDIC.

More on rates TNX & DXY in another post.

This is certainly going to be interesting. We could be @ the beginning of a BULL cycle for #crypto. BUT, PATIENCE.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.