ETH is forming a cup and handle pattern on daily as well as touched the 61.8 fib level, similar to btc. The fib level is drawn on daily TF from 2650-1700. So far we are neutral as eth needs to close daily candle above 2300 to confirm the cup and handle pattern and needs to close a daily below 2040 to confirm the fib retracement. So far, we chilling and waiting for...
As seen on daily timeframe, we are bearish and we tested the 61.8 fib level which was drawn on daily timeframe from 42000-29000 swing. So far we are making lower lows and as we are approaching the weekend, we should see a pullback as per history. Fib levels get invalid if we break 42000 level.