A crypto strategist who built his following after nailing the 2018 Bitcoin (BTC) bear market bottom says that Ethereum (ETH) is flashing signs of bullish exhaustion.
Pseudonymous analyst Bluntz tells his 222,800 Twitter followers that Ethereum may have likely printed a bearish lower high setup when it rallied to around $2,000 last week.
According to a chart shared by Bluntz, he appears to predict a short-lived rally for ETH in the coming days before correcting all the way down to $1,700.
“I dunno about y’all but ETH definitely is not looking too crash hot to me.
Clear five-wave decline, slow three-wave move back up to the 0.618 Fib where we had another savage sell-off.
This is screaming lower high to me.
I think $1,700 probably
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