ETH: Weekend Pump Before Monday Correction
ETH at $2411.07 targets weekend pump then Monday dip per @CryptoMichNL, RSI 71.97 overbought signals retracement to $2142.82 EMA50 support.
SourceAnalysis
ETH faces short-term weekend pump followed by standard Monday correction, with early next week dips likely to be bought according to @CryptoMichNL amid routine ETH price prediction patterns.
Price at $2411.07 holds bullish structure above EMA50 support at $2142.82 and EMA200 at $1957.76, yet RSI(14) at 71.97 overbought combined with MACD death cross while trading inside Bollinger bands points to exhaustion at upper resistance $2607.91 and probable retracement to the 50-EMA before continuation in ETH technical analysis and broader crypto market volatility.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast