Possible bullish divergence on Ethereum, confirmed for now and may lead to a short term bottom.
Comment:
invalidated, weak response, broke through to the downside and slipped below 1700 support. Will be watching closely how 1400 area reacts. Would expect at least a relief rally in that area.
This selling pressure is not to be ignored and every day tells us something new, today tells us it isn't done yet. I wouldn't be trying to catch the bottom, this bottom is going to take time imo.
Vatsik
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This selling pressure is not to be ignored and every day tells us something new, today tells us it isn't done yet. I wouldn't be trying to catch the bottom, this bottom is going to take time imo.