ETH still looking uncertain as it approaches next support level. Will look to scale into smaller positions around lower BBs with a Bull Put Spread, ready for any bounce as we cycle out of weekly low in the next 2 weeks.
ETH pulled back on the daily to recapture the previous broken channel in an otherwise overall greater bullish structure with higher highs and lows. Time to open new short term option spreads and capture any short term bounces with new shorter term sell target being at 1860, 1880.
ETH on the daily looking to replicate previous structure from the 5-6th May, with a re-test of key support levels at 1925 and possible push down as low at 1900 at the ledge of ascending triangle.
BTO at 1925, 1900, 1860
STC at 1950, 1977
