ClearValue Team Insights
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ETH in the Green Zone Headed into the Spot ETH ETF Decision
This is an important week for Ethereum because there are spot Ethereum ETF decisions on May 23 and 24. Currently there is a low probability of the Ethereum ETF getting approved, but I think it is possible for a big surprise by approving the ETH ETFs. ETH has been struggling to climb above the green […]Read More
BTC Forming a Bullish Bounce off the Bull Pennant
In my previous update I discussed how BTC is attempting to flip the bull pennant resistance line into support. A bullish bounce has been forming along the white trendline in an attempt to flip this resistance line into support. I would like to see some buy volume over the next few days, and I have […]Read More
BTC and ETH Continue to Show Strength
Yesterday BTC faced some resistance at the upper end of the bullish pennant around $66.7k. Today BTC is continuing to show bullish strength into this bull pennant. I would monitor the price action for a potential bullish breakout or rejection at $66.4k. The trendline is sloped downward so the price target will decrease over time. […]Read More