Ethereum / BitcoinShort
Ethereum - Weakness in correlatin to BTC
Ethereum/Bitcoin shows some weakness after losing the level R1. This former support has nor turned into a strong resistance. Historically speaking this level has been a mahor catalyst in determining the directional bias of Ethereum. Next support that I can see is the level 0.02730. I would suggest to stay away from Ethereum until we reach this zone, unless there is some major change in lower time frames that indicates trend reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.