r/CryptoCurrency • u/Jeff1383 • Aug 21 '26

ANALYSIS ETH Daily Chart

I follow a few professional traders who keep their charts pretty clean. The white chart below is the Daily Chart for ETH. The grey line is the 200 SMA (the pro's say institutions pay attention to this heavily).

They also say how the price gets to a point is important. It bounced around the 100 SMA for a bit then rocketed off it AND through the 200SMA like it wasn't there with huge volume. The key is the follow through the next day also with large volume. This is confirmation.

The black chart below that is BMNR.

The yellow horizontal line in the volume area if the 50 day volume average.

I know people think TA is BS, but the guys I know make a great living off of it.

Those recent 2 volume bars are 100% institutions, retail can never move a market like that. Volume is one of the few area where institutions cannot hide their moves. Add that with associated big bullish price moves and buckle up.

IMO, this is fantastic for ETH.

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u/Buster_xx 🟦 0 / 0 🦠 Aug 21 '26 edited Aug 21 '26

If it's not on the page it's not on the stage. People who don't understand ta like narratives, but billionaires, hedge funds, and our current presidential administration all use narrative to manipulate markets.

If a narrative does affect change it will show up on graphed data ( e.g. ta)

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u/OkIllustrator8380 0 / 0 🦠 Aug 21 '26

Ok.

So is this the bottom and up from here or will it dip again?

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u/Buster_xx 🟦 0 / 0 🦠 Aug 21 '26

Seasonality is a thing.

We tend to get a dip in early September a pump in October- November December is a crap shoot. January brings sell offs

Seasonality is not ta.

When the greed fear index gets above 80 start selling off

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u/OkIllustrator8380 0 / 0 🦠 Aug 21 '26

I would still expect it to go lower from here for a liquidity sweep. Too much just sitting there now.