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Hmmmmm...

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ETH is bouncing off the 78.6% Fib retracement level. Will we go lower?

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We're rising (MACD and RSI) on the 1D chart. The 4-Hr is still bearish, but could turn bullish quickly. The ETH 1-Hr RSI is nearing oversold. Price seems to be getting some support at the 50% and 61.8% Fib retracement levels. The 1-Hr MACD seems neutral at the moment. We shall see what happens. I'd be bearish if the 61.8% Fib level doesn't hold. As always, good luck!

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ETH is Bouncing up off the 4-Hr MACD (bullish), and crossing up on the 1-Hr MACD (bullish). We're over-extended on the 15-min indicators, but, that's to be expected since we just spiked a bit. Let's see how ETH behaves with this lower-trendline as resistance. We are rising on the 1D, and if this is a real bounce off the 1-Hr MACD, we should see the 4-Hr come...

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1-Hr chart shows the rsi nearing oversold, and the macd is still under the signal line. It may be a good time to buy once we get a solid cross up on the macd. As for the ichimoku cloud, it would be nice to see a TK-crossover (crossing up) in/near the cloud. Right now we are still well below the cloud, and the conversion line is below the baseline (both bearish)....

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ETH 1Hr chart looks interesting. If the same pattern repeats, we would bounce off the 1Hr MACD and head upward (). If it doesn't work out that way, ETH may test the lower trendline sooner than later. As always, good luck!

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There is still room on the 4H rsi and macd for more upward movement. We are testing the upper-bound of the ichimoku cloud and getting some resistance there. If we break the consolidation cloud and then the upper-trendline around $242, we will likely move higher. Good luck!

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Some similarities spotted. 1Hr bullish.

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I think we may see some false breakouts ahead, followed by dumping. The 4H rsi needs to cool off, and the 1H doesn't seem too eager to make anything happen. The shorts have been creeping back in for the past 1-2 days, and I think we'll see them make their money before resuming the rally. Not sure how low we might go, but $230 seems very possible, although I'm no...

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Higher low before pushing higher?

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There seems to be bearish divergence approaching on the 1H MACD, and the 1H RSI is overbought. Although the 15m indicators don't look too bad and may be able to save the 1H situation, it doesn't look too assuring. The other trend lines are not to be taken too seriously. We might see slow accumulation over the next couple days until the next FOMO frenzy, but we'll...

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4H RSI & MACD are looking like they're about to roll over. We could see more downside here possibly.

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Just an idea using daily renko. RSI and MACD look interesting. Maybe a bounce near an RSI of 12 or a MACD of -100.

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The chart speaks for itself. Just an idea...

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Possible trend may be reappearing in BTC. Similar price movements are occurring within similar timeframes. Last year around this same time, sentiment was similar as well. Similar trend in ETH as well (see related idea).

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Update.

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Similarity between current position and historical movement. If pattern holds, ETH should resume climbing soon, and the resistance should continue to rise slowly as it did last July.

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Lower highs may be in order prior to the next rally. Based on the identified trend, ETH may be a "buy" anywhere in the $400-$475 range.