my thoughts for the today
Updated
eth forming a broadening wedge witch usually breaks to the downside and eth dominance is dropping so if btc decides to correct could drag eth price down with it so i would keep an eye on that wedge formation if it breaks below my bottom line i would start looking at short opportunities. long term im very bullish on eth but i do believe we we need a correction before going higher
Note
one thing i would also keep an eye on is the 4 hr ethusdt chart because it broke out of the channel and seems to be holding above it but there is bearish divergence so i would be careful if longing but the market can do crazy things but your not sure and dont have a very clear trade its best to sit it out and wait for a good trade setup its better then guessing and losing money
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