This is the only level I see that shows major support from here. It's also the major breakout level of 2020, which is normal to see retested.
ETH likely to continue underperforming BTC based on this chart below showing seasonality and continued risk-off in the market (forced selling/liquidation, etc):
ETH likely to continue underperforming BTC based on this chart below showing seasonality and continued risk-off in the market (forced selling/liquidation, etc):
Comment:
Crypto's been impressively strong in the face of a low liquidity weak traditional market. For now ETH has been held up by the 200wma. Open to all possibilities but for now odds remain to the downside