ETH Update
Updated
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
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
Comment
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 upComment
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.
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Trying to claw its way back up but so far this looks like a "sell the news" event. The merge is really a nonfactor.Comment
If you believe the pennant I drew up, the target is like $100 or less
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