Ethereum

The 2 February high was the peak of both the 20 week and 80 day cycles.  The next 80 day cycle trough is due this week and a likely stopping place is the blue line, the 80 day FLD circa $1400.  At which point the expectation is for a new 80 day cycle to commence.The FLD is a replica cycle pushed forward in time and when price looks to intersect with it at a trough zone we expect it to act as resistance.We have to bear in mind that because we have just had a 20 week cycle peak (meaning this longer cycle is now falling) that there is a bearish burden on the next 80 day cycle.  We are expecting a bounce but it should be running into a headwind.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/801944a38187467eb19bf98a377e94ae.png" />Feature image credit: Zoltan Tasi on UnsplashFor more insights, visit <a href="blockhead.co" rel="noopener noreferrer nofollow">blockhead.co.</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1a7be959eac8444d91b041756c5c4523.jpeg" />This note is published in conjunction with Hurst Cycles Notes. A <a href="https://notes.hurstcycles.com/macro-outlook/macro-outlook-6-february-2023/?fpr&#61;blockhead" rel="noopener noreferrer nofollow">Macro Outlook note</a> comes out every Monday. The macro outlook series (subscription $37 per month) covers much of the macro complex: US Dollar, Gold, Copper, Oil, Yen, Euro, SPX, Nikkei, Bitcoin and US 10-year yield, along with extra content, long term views on multiple assets and updates every week.

Blocksmith Says: Prepare For Upwards Ethereum Rotation

Blockhead

Artikel lain yang dipublikasikan pada 14 Feb 2023

Best Crypto to Buy Today MEMAG, CRV, FGHT, APT, CCHG, GMX, METRO

Maximize Your Crypto Earnings with MET500.com – User-Friendly Staking Platform

FTM’s Price Rests on Key Support Level After Spike in Chain Activity

Bitpanda-backed Pantos Announces the Public Beta Launch of its Multichain Protocol

Discover Which Merchants Accept Crypto Payments Worldwide

BNB GreenField: Infrastructure for a Decentralized Data Economy

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!