Ethereum: Dubious Speculation
Ethereum's Short-Term Path: Anticipating a September/October Pullback to the 21-Week EMA
Discover the most likely path for Ethereum over the coming weeks, focusing on whether it will retest crucial support before the next major rally. Learn why a September pullback is anticipated and how past cycles inform this specific forecast.
Short Summary
- Expect Ethereum to seek consolidation near its 21-week EMA sometime in September or early October after setting recent all-time highs (ATHs).
- Historical patterns from 2017, 2020, and 2021 suggest that the first test of new ATHs often results in a rejection and necessary cooldown.
- Bitcoin is simultaneously nearing its own crucial support band (20w SMA/21w EMA), aligning with the thesis that Ethereum should correct first.
This analysis details the speaker's forecast for Ethereum based on divergences observed on the daily chart and comparative analysis against previous market cycles. Understanding this framework helps position for the anticipated bounce following the correction phase.
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Top Comments (10)
Alts dubious speculation next? 😂
Ben you've been awesome to watch over the years. This cycle you have been dialed in on all of your projections. Appreciate your content more than you'll ever know.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
"Price action could be interpreted as a random walk akin to geometric brownian motion" ... Man, you took the words right outta my mouth 😅
I don't listen to anyone other than Brilliant BEN.. Thanks mate!
Thanks for being our support band Ben throughout this bull 🐂 run 🏃♀️
Great market analysis
Thanks for sharing your thoughts on ETH ben🙏🙏
THANK YOU VERY MUCH BENJAMIN!!!
Thank you for your content
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Top Comments (10)
Alts dubious speculation next? 😂
Ben you've been awesome to watch over the years. This cycle you have been dialed in on all of your projections. Appreciate your content more than you'll ever know.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
"Price action could be interpreted as a random walk akin to geometric brownian motion" ... Man, you took the words right outta my mouth 😅
I don't listen to anyone other than Brilliant BEN.. Thanks mate!
Thanks for being our support band Ben throughout this bull 🐂 run 🏃♀️
Great market analysis
Thanks for sharing your thoughts on ETH ben🙏🙏
THANK YOU VERY MUCH BENJAMIN!!!
Thank you for your content