Looking at the macro for ETH (Bearish ascending wedge)
Updated
Looking at ETH on the Line-Chart set to weekly, we can see a familiar pattern similar to the BTC wedge I've posted previously:
ETH has 3 choices at this current moment:
- Unexpected wave of bullish momentum propels it to the upside breaking the upper TL sparking a parabolic rally
- Slow depreciation in value to the lower support TL before rallying again
- Major selloff sparking a breakdown & freefall
Will update when direction has been decided.
ETHUSD ETHUSD ETHUSD 
ETHBTC ETHBTC BTCUSD BTCUSD BTCUSD BTCUSD 
BTCUSDT BTCUSDTComment
Related charts are scattered throughout this idea:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.