AlphaTradeZone
Short

Ethereum - Weakness in correlatin to BTC

BINANCE:ETHBTC   Ethereum / Bitcoin
Ethereum/Bitcoin shows some weakness after losing the level R1. This former support has nor turned into a strong resistance. Historically speaking this level has been a mahor catalyst in determining the directional bias of Ethereum . Next support that I can see is the level 0.02730. I would suggest to stay away from Ethereum until we reach this zone, unless there is some major change in lower time frames that indicates trend reversal.
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