Etherum after this bear days went below his level touched while BTC was touching its historical minimum.
This was probably caused by the greater loss compared to Bitcoin of many altcoins, with even the elimination of some scams from the market.
After the brake of the short term channel (yellow hard lines) we could see it bouncing on the previous support (violet horizontal line, 568), now resistance, and seeing it go down until the next support we evaluate to be at 390.
Our perspective, however, is to see it grow parallel to Bitcoin with a purchase signal confirmed at the break of resistance at 568.
The macro trend is still bear and we could consider it finished only at the break of the hard resistance at 1000 $.
This was probably caused by the greater loss compared to Bitcoin of many altcoins, with even the elimination of some scams from the market.
After the brake of the short term channel (yellow hard lines) we could see it bouncing on the previous support (violet horizontal line, 568), now resistance, and seeing it go down until the next support we evaluate to be at 390.
Our perspective, however, is to see it grow parallel to Bitcoin with a purchase signal confirmed at the break of resistance at 568.
The macro trend is still bear and we could consider it finished only at the break of the hard resistance at 1000 $.