ETH

6 sie 2022

Looking like ETH is setting up for a weekly close above 1700, which is significant in that a reclaim of a 1700 signifies a reclaim of the range defined as 4384 (Coinbase IPO top) to 1700 (2021 bottom). Yes, once the parabola broke at the Coinbase IPO, Ethereum and all other brypto has been technically rangebound. Also, note how the "deviation" above this range's highs in October and November 2021 was 8 weeks, which is the same amount of time that it has deviated beneath this range's lows in June and July 2022. I anticipate that with ETHPoW hoopla on the horizon, ETH can stretch for at least the mid of this range (3042), and perhaps even the 618 (3358), which is also approximate location that it crashed from in March 2022. Last bit of confluence is that CME has gaps up to 4098.5.