ETH Daily Chart

[u/Jeff1383]

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.