ETH just like the rest of the market is following the overall trend set by BTC.
IF BTC holds we should expect ETH to hold its current lows.
IF we fail to hold the current levels we should revisit the sellside liquidity resting around 2500$.
All of the crypto market is retracing and we are finding ourselves at key levels on my crypto assets so will be interesting to see how we play from here.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
IF BTC holds we should expect ETH to hold its current lows.
IF we fail to hold the current levels we should revisit the sellside liquidity resting around 2500$.
All of the crypto market is retracing and we are finding ourselves at key levels on my crypto assets so will be interesting to see how we play from here.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.