#TrumpTariffs

#Ethereum ($ETH #ETHUSD )
ETHUSD continues to underperform BTCUSD, and with the strong downward momentum as seen by the still downsloping weekly RSI and MACD (in the weekly chart below), could slide further in the next month or so before finding a more sustainable tradable bottom from the November high or to the June 2022 low. Note that the ETHUSD bull market that began June 2022 and ended March 2024 has nearly completely unwound. Nevertheless, some short term relief could arrive in
the next day or so as risky assets are increasingly short-term oversold, with odds rising for a minimum multi-week Dead Cat Bounce to begin as early as Wednesday with the release of the US FOMC meeting minutes, Thursday with the US CPI and
unemployment claims, and Friday with the US PPI and preliminary UoM consumer sentiment and inflation expectations.

Weekly