This last little push up that failed is no good for Ethereum. The previous diagonal support has been tested multiple times and continues to fail. That green line demand has been support but it has been tapped multiple times and I doubt there are buyers left. If that breaks, I think there is a good chance we go to major support that is quite a big lower.
ETHBTC needs a 1H close above that blue line to survive.
ETHBTC needs a 1H close above that blue line to survive.
Great start. Strong move. I expect a bounce fairly soon as the ETHUSD is also close to support at $100. I'm taking partial profits because I like booking gains when it goes in my direction this quickly. The other green lines are areas of interest. If we bounce back up, I'll likely reshort and go for next support. Stops moved into profit.