The bullish scenario is not the most likely one in the short term. Cryptos are showing surprising strength despite very negative indicators. Ethereum may fall into a multi-weekly bullish mode. Monday’s US session has witnessed the start of a new attempt by Bitcoin to escape the long-term bearish channel. BTC/USD failed to reach the channel’s ceiling which – at the moment – is slightly below $8,150. It appears that $8,000 is solid enough to refute King Crypto’s bullish intention. The MACD on the weekly ETH/USD chart stands out. The behavior pattern demands that Ethereum does better than Bitcoin for us to see a pure bull market, so this week and probably next week are critical and decisive for the medium and long term. #BTC/USD #Ethereum #$8,000

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