5 days ago
12
Key Takeaways
- ETH at $2,118.
- SMA100 at $2,155.96: $16 above the Fibonacci level, rejected price five times recently.
- Van de Poppe: ETH decline macro-driven, DeFi/bond yield correlation about to reverse.
- SMA50 at $2,264.49 and Fibonacci 0.382 at $2,263.66 confluent: double ceiling above.
- RSI at 40.04, signal at 39.16: first positive spread in visible range.
At the time of writing Ethereum is trading at $2,118, approaching two sequential resistance levels that define whether the current recovery attempt is structural or temporary. On the other hand we have Michaël van de Poppe identifiying the current zone as an accumulation area. The macro argument behind that view is more specific than the chart alone suggests.
The Two-Level Sequence the Chart Requires
The Fibonacci 0.618 at approximately $2,140 and the SMA100 at $2,155 are separated by approximately $16, meaning clear...
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