After pushing down with force against 290s levels prices are free from any remainings of demand for ETH which could be holding prices any higher. Now after touching the 300s a short term and low risk opportunity presents itself towards the most optimistic level down to 265s. Please engage and let me know your ideas too.
Shorting ETH at this point is like begging to get your face wripped off. This evening was a classic shakedown rug pull stop trigger event. It's almost laughable, BTC hits 4k and BitFinex ETH shorts show up at 320...BTW, I have no problem shorting ETH. Just not here.
Matheus
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@NoCode326, That's true. BTC prices have just reached all times high and they are both correlated. However if you look from the perspective of what prices are telling who decides to read it may suggest a continuation of the weekly up trend only after it settle and confirms demand yet below the 300 levels. This could be a very short-term opportunity.