Blocksmith Says: ETH Bottoming, Get Involved

6 September 2022

Looking at the Ethereum daily movement, the 40-day and potentially even the 80-day cycle trough is in, this categorically pushes risk to the upside.

Bitcoin is still languishing but Nasdaq futures may have also just bottomed skewing overall risk upwards. Gold is also attempting a bottom and as you may recall from prior notes there is a strong positive correlation to both. Get involved. 

Christopher Grafton
Christopher Grafton

Chris has been working in the markets for over 15 years variously as a broker, analyst and researcher. He is the author of a well-known book on Hurst cycles analysis, and runs his own market analysis software platform on Bloomberg. He’s also a keen student of both the cello and Brazilian Jiujitsu.

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