The previous move higher in #ETH was signalled ahead of time by the bullish RSI divergence shown on the chart.
Interestingly, we are seeing mild bullish divergence developing again now.
That leaves room, IMO, for
$ETH to drift somewhat higher and complete the current corrective phase before another impulsive move lower towards our proposed Q4 low.
The wider environment also matters.
Today’s Perfect Storm Index™ is 60/100, indicating that market risk remains elevated despite relatively subdued volatility.
Technical structure tells us what may be developing.
PSI tells us whether the wider risk e