Currently not holding onto any positions but monitoring this pair waiting for the best low risk time to enter on the long side.
== IN SUMMARY ==
Here are a few perspectives with regards to ETHUSD on the daily time-frame.
Current price-action is maintaining a bearish trend but will be faced with many obstacles that may prevent this pair from further declines. As illustrated on the chart, you can see this pair is entering a major support confluence zone (lighted with blue box). For this zone to break lower, something significant will need to happen. Bare in mind if price-action continues to make lower lows on the daily time-frame, this pair may continue to remain low until further bullish confirmations develop.
== IN SUMMARY ==
Here are a few perspectives with regards to ETHUSD on the daily time-frame.
Current price-action is maintaining a bearish trend but will be faced with many obstacles that may prevent this pair from further declines. As illustrated on the chart, you can see this pair is entering a major support confluence zone (lighted with blue box). For this zone to break lower, something significant will need to happen. Bare in mind if price-action continues to make lower lows on the daily time-frame, this pair may continue to remain low until further bullish confirmations develop.