Ethereum: Hurst Cycles - 15th April 2022
The move to the 40 day nominal low examined and the next moves for ETHUSD from Hurst Cycles perspective
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
ETHUSD came down to our risk sell target of 3100 described in the last report from a peak of at least 40 day magnitude on the 4th April. Whether that peak was also a peak of the 80 day component remains to be seen and will be resolved with the next move from an imminent 40 day nominal trough.
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