@intothecryptoverse

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Avg. Quality

70

Success Rate

21.54

Analysis

65
Correct
14
Fail
26
Pending
25
Ineffective
0
Total Quality
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ETHUSDT
Entry 4,361.1900 2025-08-30 00:23 UTC
Target 5,000.0000
Fail 3,000.0000
Risk / Reward 1 : 0
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ETHUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Range Market
Body
The analysis is on ETHUSD. Bitcoin is approaching bull market support. ETH has made new all time highs. The analyst forecasts that Bitcoin will fall to its 20 week SMA after ETH puts in new highs. The analysis suggests ETH will not make new highs until after it visits the logarithmic regression band. On August 20th, the forecast looked bleak. The most recent all time high for ETHUSD was a sweep of the high, and the analyst believes divergence on the RSI suggests cooling off is necessary. This cooling off will occur in September/October, with ETH dropping to the 21 week EMA, around 3300-3500 and possibly as low as 3700. A possible scenario would be new divergences between ETHUSD and BTCUSD. By late October, analysts anticipate a higher low for the ETH/BTC valuation, perhaps as high as 0.053.
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