Blocksmith Says: ETH’s 40 Day Cycle Bottoms

20 April 2022

Ethereum is tentatively building on a key support ledge in the 40-day cycle trough zone (semicircle represents the cycle). RSI is also trying to form a base at the bottom of the 40 – 8- bullish range. 

The overall look of price action over the last eight sessions is more that of a downtrend consolidation but we should keep an eye on it and any sharp push higher here will be taken that the 40-day cycle has actually bottomed and is pushing higher again.

Blockhead Team
Newsletter graphic

Info Blocks In Your Inbox.

If you want relevant updates occasionally, sign up for the private newsletter. Your email is never shared.

Subscribe to our newsletter