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$ETH OBV is surprisingly bullish. Was expecting it to looks worse but when looking at it with fresh eyes I almost want to say we see $500 again. Nice breakout and re-test. This isn't what a top usually looks like for OBV.
Until this breaks up, I'm counting on lower
In the 2012/3 and 2016/7 bull markets, bitcoin only once (2012) closed below the 20 week EMA. Price hit the 20 week EMA today and popped right back up. Bull market is intact and I think we rally through the end of the year.
One possible way that eth obv can pump eth to 500 is if btc bottoms out at 9200 in 1 to 2 weeks.
Eth is now 330 USD, still too high too high in my view. Where do you think it can reasonably go down, 100 as it recently was? May it go lower? Thanks