- Ethereum price continues to trudge higher, but some selling pressure enters the market.
- Seven-week Gann ‘Death Zone’ time cycle complete, a corrective move likely.
- The downside risk is likely to be limited.
Ethereum price has now completed seven consecutive weeks of the weekly candlesticks closing above their open. In other words, seven straight weeks of green/white weekly candlesticks. That is a record for Ethereum; the previous consecutive bullish weekly candlestick record close was five – between the weeks of May 19th 2017, and June 16th 2017.
