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Technical analysis by TorchBay about Symbol ETH on 6/8/2021

https://sahmeto.com/message/3350492
TorchBay
TorchBay
Rank: 7866
1.5

Ethereum 2017 chart comparison to today

:Neutral
،Technical،TorchBay

Comparing 2017's first big drop to todays current drop. In 2017, there were 6 weeks of downward price action before it started recovering on the 7th week. Also in 2017, ETH dropped a total of 67% and we currently have dropped a total of 60%. Currently we are in our 5th week of downturn price action, I'm thinking by the end of the month we start seeing a reversal. Also if you notice the massive triangle that is created in this chart, which resembles a possible similar triangle forming in todays weekly chart.

Source Message: TradingView
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