BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Interesting close for ETHUSD . Above strong weekly resistance (flipped support) but below daily resistance at $312 zone.

Won't be blindly long here, better wait for the further movement to decide about direction. Today the US stock market opening and it could change the situation.

I would definitely not want to see a close below $285 (red dashed line), it would mean the continuation of mid-term bear trend.

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Comments

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+1 Reply
Nice idea... but wat is likely to be our price fall?
Reply
Bitduke hajstrong
@hajstrong, idk, maybe stocks will fall today (however already announced about phase 4 stimulus package introduction on Monday, looks bullish). Or maybe just a correction for BTC happens. Anyway I think if we fall below $300 it'll quickly it will test quickly $285 level.
Reply
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