As expected Ethereum did go lower and hit major support now. Not only that the falling wedge is on the last days, but also the Quarterly Pivot Support 1 and the Monthly Pivot Support 1 (which is going to change tomorrow) are now anchors for ETH. Going any lower than this, will change my future-thoughts about the mid-term development of the entire market, not only because also Bitcoin is at a very important decision mark, also f.e. Litecoin (also as expected) and other major Altcoins could not recover and the consolidation progressed. Obviously it will depend on Bitcoin´s decisions in the next couple of days/weeks, if Altcoins will manage to escape another painful bleed-out.
Ethereums Low-Spot is around $163 where the S1-Q is placed. Next minor support $152.
___________________________
Warm regards,
Neru
Ethereums Low-Spot is around $163 where the S1-Q is placed. Next minor support $152.
___________________________
Warm regards,
Neru
