TheChartGuys

ETH Breaks 4 hour Higher Low Support

COINBASE:ETHUSD   Ethereum
After bulls slowly faded and consolidated all night in the crypto world, ETH took it a bit harder with a loss of support.
Neither LTC nor BTC lost 4 hour support for comparative weakness the last 18 hours or so.
Bulls will need a clear trend change on the hourly to shift momentum as the bears have full short term control.
Daily EMA 12 resistance will continue to be on watch as it drops down each day.
This is a set back for ETH and it will require more bullish action to catch back up to the others if we do see continuation on this weak bounce attempt.
Note the "legs" up have been very brief spurts on bullish news and without it, the bulls are not proving much.
Remain cautious and continue to make the bulls "Prove it" to you.

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