The Crypto Comms #21

  1. The reversal
  2. Ethereum leads
  3. Latest happenings
  4. Listening material

Technically speaking

Crypto market analysis

ETH/USD levels of interest

The technicals

Technically, Ethereum must maintain low-time-frame strength above $1,640 in order for the bullish break-out case to hold water. If price reverses after tagging $1,720 liquidity, that’s a red-flag in the immediate short term.

The pivot

If BTC/USD resumes its mean-reversal trajectory towards $30,000 this September, the bear market will officially be over, and Bitcoin will have transitioned into a medium-term accumulation range at worst. At best, the macro-economic situation turns dramatically and the path would be clear for BTC to act as a smoke-alarm yet again.

Ethereum leads

But the situation is more nuanced than that. Ethereum/Dollar is leading the recovery and ETH/BTC is about to exit the range it’s been in since May 2021. With the merge hype in full swing, Bitcoin could be unwillingly dragged higher because of ETH strength.

Latest happenings

Listening material

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Chris on Crypto

Chris on Crypto

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.