Ethereum seems locked in an ascending channel on the 4 HR chart.
Stochastic RSI seems exhausted, RSI is about to go in the overbought zone and MACD looks like it could cross back below signal line before reaching the resistance zone.
4th of July weekend is a perfect opportunity for institutions to buy on the DL.
Look at April 27th levels for reference.
Expect...
Ascending triangle forming on the 1 hour chart, with 50 and 100 EMA below current price level.
Plenty of juice in the tank on the MACD and RSI.
As the expiry approaches (tonight at 1 AM), the largest volume of options is set to settle. Most puts are at $2,100, most calls $2,200.
Watch for bulls to make an attempt at these price levels beofre day's end.
Not...
