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khaoz346
Jun 16, 2021 1:46 AM

ETH hanging for dear life on daily 100MA Short

Ethereum / TetherUSBinance

Description

ETH still up quite a bit, has a lot more downside to give. I think we see some more pain before the effects of EIP-1559 take hold. Would be an aggressive buyer around $1300-1400.

Comment

At mid-month. ETH monthly candle would take a lot to push back into green territory.

Comments
NoOneWhoIsSomeone
The only way we see this kind of drop is if BTC leads the way. From what I see, ETH bounced off its 7 month trend line
khaoz346
@NoOneWhoIsSomeone, yeah I agree.
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