Hard not to like the Ethereum consolidation taking place here
After a 40% run to start off the new year, Ethereum continues to consolidate in an orderly low volume fashion near its highs.
The big question will be, can this ignore major macro forces if the US Dollar, Yields, and tradfi volatility start to spike? That's unclear, so there certainly remain risks, but as it stands in isolation, this consolidation looks great with fresh buy signals when/if Ether breaks out over $1700.
The big question will be, can this ignore major macro forces if the US Dollar, Yields, and tradfi volatility start to spike? That's unclear, so there certainly remain risks, but as it stands in isolation, this consolidation looks great with fresh buy signals when/if Ether breaks out over $1700.
Evan Medeiros
Founder, Trade Risk
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Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
Founder, Trade Risk
---
Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
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