ATH at 5.3k .
Currently there is heavy buying activity even as ETH is overextended and formed a daily bearish divergence on the RSI. the 0.786 Fib extension and bearish crab 1.618 is at $5.3k a new ATH.
That is if ETH doesn't lose steam and print the daily bearish div at the close and follow through downward. Then we are looking at a double top forming.
Many have described a cup and handle and the measured move of that cup and handle is at $9.4k.
Let us see.
Currently there is heavy buying activity even as ETH is overextended and formed a daily bearish divergence on the RSI. the 0.786 Fib extension and bearish crab 1.618 is at $5.3k a new ATH.
That is if ETH doesn't lose steam and print the daily bearish div at the close and follow through downward. Then we are looking at a double top forming.
Many have described a cup and handle and the measured move of that cup and handle is at $9.4k.
Let us see.
