This was the move needed for Ethereum to shake out holders for the final move . Ethereum exchange outflow at all time highs, NFT narrative, scale with Optimism, Berlin upgrade, EIP 1559, all plus, plus. Classic shake out. Buy or Wimp out.
The true trendline on BTCUSD is still in play and THE full blast Bull Run needs to test this support one last time before it can take off and give us a 100k BTC. The true trendline BTC bottom would give a 14-15k USD on a quick wick. In the meantime scalp it on its way down. Happy trading.
Bitcoin has recovered to true trendline, which started in April, 2019 and has been tested many times. Weak hands bust their irrational nut after Black Thursday. BTC has again reared its head to regain its true reveling form. True resistance at 14-15k.
Ethereum these past months seems to just stay the same, but alas this is about to change because crypto does this after long months of people submitting charts that say it will go up. I assure you now, faithful of low quality price followers and seers of charts, Ethereum is about to pop very soon.