ETH Update

업데이트됨

Still in a downward channel, and forming what appears to be a wave 4 pennant

The Merge could wind up being a "sell the news" event. In any case it looks like it's got a big move coming in one direction or the other

코멘트

If ETH does rally, I think it comes at the expense of other cryptos as investors rotate within the sector. i don't see any new money flowing into crypto with a Fed meeting coming up

코멘트

I suppose it has to break the channel by next year because the top line hits zero by the end of January, lol.

There are Fed meetings in Nov, Dec, and Jan.

코멘트

Trying to claw its way back up but so far this looks like a "sell the news" event. The merge is really a nonfactor.

코멘트

If you believe the pennant I drew up, the target is like $100 or less