What is Ethereum doing? I'm evaluating these two markets (ETHUSD & ETHBTC) in one post And the violet price line in the background is BTC
In the 1h chart we are seeing something cool ETH for the breakthrough of its second max ETH for the breakthrough of its second min Kindof looks trapped in the corridor
These guys seem Ethereum's new bff also Of course they appear only in the ETHBTC chart & not very much in the ETHUSD chart (bachground) Thus its not a very clear signal
Then in the 4h chart we see a more relaxed story Setting new local min and max Nothing seems to explode in the near future
And the 1D market more relaxed still
But... Considering context, always consider context This may be another page in the story of ETH price 3 bigs tell me this: Big trend change Big volume rise Big price shoot in USD market
And, less important
So In the end What pattern will the market obey? ETH in a new age of uptrend or ETH just in a normal hiccup Probably none of these, beauty of it, the market doesn't obey Not this market at least