- Ethereum dropped hard breaking through 2 levels of support OBs and rested in the demand zone around $173
- EMAs have turned lower and gaining speed
- This is a very strong support for ETH and holding here is critical
- Despite BTC dropping hard and making new lows, some majors like ETH held up pretty well holding higher than the lows printed a few months ago
- If BTC can return to $6000, we could see ETH get a short-term bounce back to $200
Thanks guys!