ETHUSD is caught in technical limbo. ETHUSD is below a key Fib number near 190. ETHUSD would have to be trading above that to really be bullish. Support below is at the 76% retracement of the recent up move. That level is 150. Just writing 150 gives us the creeps.
As with the alt space, all we can do is hope. In military strategy, hope is not a tactic. In crypto, hope is sometimes all we have. In ETHUSD, we just hope for some positive price action so the neutral/bearish read can change.
As with the alt space, all we can do is hope. In military strategy, hope is not a tactic. In crypto, hope is sometimes all we have. In ETHUSD, we just hope for some positive price action so the neutral/bearish read can change.
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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.