ETHUSD is peaking over just over the 200 Daily EMA which has a lot of significance on where it will go next. The fact we’ve breached the 200 Daily EMA while BTCUSD continues to be rejected by it speaks to two different conclusions. 1.) ETHUSD is following it’s own market now and not following the BTCUSD “Supercycle” which is bullish for ETHUSD , removing itself from the BTCUSD market and establishing it’s own market paradigm will create even more growth. 2.) It’s breaking from the pack of layer 1 utility tokens, massive market saturation has come fold in 2021 with SOL,XTZ, AVAX, ETC… ETH with it’s slow transactions (13sec block times with 12TPS) and high gas fees made it a target for SOL and others which have faster block times and higher TPS . With the anticipation of ETH 2.0 moeny seems to be pouring into the ETH ecosystem with the burn continuing to the null address.

Analysis
the 20 EMA has bullishly diverged over the 50 EMA but still far from the 200EMA, however with the current price action the EMAs will rapidly follow up, if these EMAs can diverge over the 200 EMA we have achieved consensio and will continue long. The fact we have breached the 200 Daily EMA means we are making the resistance much weaker every time we push through it.

Confusion
If we can maintain levels above the 200 Daily EMA for one week, full steam ahead as the 20 and 50 daily EMAs wilil catch up to the 200 daily EMA

“I keep telling my wife this isn’t financial advise but she keeps loosing our monies.”
-KewlKat