ETHUSD 4H chart is looking healthy with a bullish cross of the 21-day exponential moving average up through the 50-day simple moving average.
This consolidation looks very healthy and could be just what the doctor ordered to once again make new highs. More stimulus, even if it is much less than 2 trillion for the infrastructure bill, will contribute to more inflation later on in the year making cryptos more attractive as time goes on. Not to mention another stimulus bill to follow that; both I assume will be watered down in order to pass. Inflation will be an issue but the stimulus should cause an economic boom.
This consolidation looks very healthy and could be just what the doctor ordered to once again make new highs. More stimulus, even if it is much less than 2 trillion for the infrastructure bill, will contribute to more inflation later on in the year making cryptos more attractive as time goes on. Not to mention another stimulus bill to follow that; both I assume will be watered down in order to pass. Inflation will be an issue but the stimulus should cause an economic boom.
Comment:
With impulse waves and potential paths
