Here Ethereum weekly chart (in USD). Same view as yesterdays’ post on BTC/USD.

While on BTC, we saw a clean BO-UP (after 17 month decline) and successful BT. But when looking at ETH such BO has (not) taken place (yet). Stil ETH can be seen as bullish once it BO-UP from its’ RED BULL FLAG unless it is a BEAR CHANNEL and ETH is against RES (the upper red line of the channel). Lets’ see if ETH can maintain above the WEMA(30) @ 1,565 until Sunday and see what happens the week after. If the week closes below WEMA(30), it would signal that RES has been confirmed and going lower seems more likely then.

Observe (just like the BTC-chart), the little BLUE BEAR FLAG which can be MID-point eg. HALFWAY PATTERN to the downside. Where at BTC next measured decline would be 77%, for ETH it would be 82% and is more or less an equal decline. PO for ETH measured @ 322 tagging potentially the lower line of the RED BEAR CHANNEL becoming (potentially) a BULL FLAG for we await TIME.

IMO.DYODD>