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Ethereum Cool-Off Day?

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Team Sparkster's analysis for Ethereum hit another home run last week as the Monthly time-frame came to a close.


High time-frames are all bullish with strong momentum.

However yesterdays 'flash crash' has dampened short-term momentum and we may see a couple of days consolidation before resuming the uptrend. As you can see, MACD momentum is pushing down. RSI has remained overbought for a while and may need to reset.

Traders will be looking for a break above yesterdays close for re-entry.

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