The Assets

ETH Chart Analysis

Matthew Clark -

Ethereum long Term Chart

No change to last weeks view ‘we continue to look for a sell off to complete wave 2. Lets look at the short term to see if we are close to completing and if a good time to sell.’

Ethereum long Term Chart

We were in a triangle correction last time and I said ‘I am reducing the short position looking for another push higher towards the 1960 level before the last leg lower. Move stops on shorts to 2350 with a move below 1385 the minimum target to the downside.’

Looking at the price action it remains corrective and I will continue to use the levels above to close any remaining long ETH position looking to buy lower in the coming weeks.