$ETH #ETH #orocryptotrends
been looking at ETH for a bit now and honestly the bounce is bigger than I expected. like it went from 1,512 to almost 1,850 and now it's kind of settling around 1,698. up over 5% today which, fine, that's a decent green day.
but then I pulled up the weekly and — yeah. it's rough. ETH topped near 4,956 and it's sitting at 1,698 now. that's not really a dip anymore, that's just... down a lot. the weekly average is still up around 2,800 so there's a lot of room between where price is and where the bigger trend actually sits.
wait, I think I said this about BTC too. same pattern honestly, short term looks good, hourly averages crossed bullish and everything, but the weekly is basically untouched by this bounce.
kind of reminds me of that first bounce off 1,385 a while back, it looked strong too for a bit then just faded back down. not saying this does the same thing. just, the shape looks familiar.
the 15m chart is kind of choppy right now too, spiked to 1,849 then dropped a bunch then spiked again. feels indecisive close up even though the bigger picture on lower timeframes looks fine.
feels simple, but maybe it isn't.
#Write2Earn
been looking at ETH for a bit now and honestly the bounce is bigger than I expected. like it went from 1,512 to almost 1,850 and now it's kind of settling around 1,698. up over 5% today which, fine, that's a decent green day.
but then I pulled up the weekly and — yeah. it's rough. ETH topped near 4,956 and it's sitting at 1,698 now. that's not really a dip anymore, that's just... down a lot. the weekly average is still up around 2,800 so there's a lot of room between where price is and where the bigger trend actually sits.
wait, I think I said this about BTC too. same pattern honestly, short term looks good, hourly averages crossed bullish and everything, but the weekly is basically untouched by this bounce.
kind of reminds me of that first bounce off 1,385 a while back, it looked strong too for a bit then just faded back down. not saying this does the same thing. just, the shape looks familiar.
the 15m chart is kind of choppy right now too, spiked to 1,849 then dropped a bunch then spiked again. feels indecisive close up even though the bigger picture on lower timeframes looks fine.
feels simple, but maybe it isn't.
#Write2Earn