The crypto world has provided interesting investment opportunities of late, especially Ethereum (ETHE). For the most part, crypto currencies and associated ETFs trade on technicals as they don’t have any fundamentals to evaluate. Of course, they also trade on news, including government regulation and strategist recommendations. But let’s be clear. Like the hottest of hot stocks, if something is going up, the masses often will buy and chase. And that is always a slippery slope, as hyper-momentum is great until it isn’t. And then things can turn ugly in a hurry. Recently, ETHE was lit on fire by one of Wall Street’s perma-bulls. ETHE broke out to a minor closing all-time high (ATH) and, in the process, broke trendline resistance off the peak since late 2021. The crypto currency has had a huge advance since its April bottom and is playing catchup with Bitcoin, which left it in the dust. Bitcoin looked like it was going to break out to ATHs, but then was hit hard, declining over 4% on Thursday, with heavy, above-average volume. Price fell right to the 21-day exponential average and then bounced a bit. That puts the short- to intermedia
