Future Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
ETHEREUM Aug 2023 (CME:ETH.Q23)
Sidelines Mode (+50) - ETH.Q23 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ETH.Q23 can gain momentum.
Is it time to buy, sell, or avoid ETH.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ETH.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ETH.Q23
The long-term trend has been DOWN since May 3rd, 2023 at 1971.0
The intermediate-term trend has been UP since May 29th, 2023 at 1876.0
The short-term trend has been UP since May 23rd, 2023 at 1839.5
Smart Scan Analysis for ETH.Q23
Based on our trend formula, ETH.Q23 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).