Rapid Fire Charts: $ETH (ethereum)

Its funny to see all the FUD on ethereum on the X timeline.  As a chartist, its important to ignore the news and the emotions and just look at the chart objectively.

What we see on the Ethereum chart is fairly bullish. We can see that no support levels have been violated and nothing is current danger of collapse. In fact, we can see a potential bullish "inverse head and shoulder" pattern playing out to launch what looks like a future wave 3 of a larger wave.

This may take some time to play out as this is a weekly chart but that's the take here. Step back and look at the big picture. Ethereum is fine and will be fine. 

And because of that, the biggest Eth memecoins are fine.

Vitalik can change his PFP to anything and a third foundation can be created, and we will still be ok. 

Thats because the charts says we are ok.