Browse Symbol Stacks: $ETH: slopechart_$ETH.jpg

Errata 

Ethereum 

Something I have observed in my 8 years sightseeing over in crypto land, and maybe a valid observation for other things that trade... 

When prices start to make new all time highs, or start banging into recent all time highs, typically one of three things happens. 

1) Price gets rejected hard within 48 hours of the tag to the old high. (most likely outcome) 

2) Price does what this chart appears to be doing at the moment, balling up under the recent high. I like this chart for the moment because to me it implies that it is going to break out to the next price level. This line is actually the high from 2021 early cycle. Next one up is the ATH from back then. (pretty rare event) 

3) Price doesn't give a rat's ass about the old high, ruthlessly blows through it and heads straight for the nearest fibbinacho. (I'd call this one extremely rare) 

What does all that mean? Up to you.  

I think Eth wants to pop. We'll find out soon enough.