Zooming out is always a good idea to get a wider scope of what's really happening in the grand scheme of things and suppress noise. In this case a weekly ETH/USD chart clearly shows us a double top and falling with no support on sight and all indicators pointing down.
This support line has been holding solid despite of the increase of volume. BTC was primed for a three dives pattern (which is a bullish pattern) but at this point looks like It won't go all the way to the bottom.
Yesterday we had the most highest volume since April 15th and the most bullish since February 6th. This phenomenon happens to combine with an...
