ETH recently went below the 2 week support — correlated with BTC move upward. Now retracing in continued BTC correlation. IF BTC uptrend continues, I suspect to see ETH dive toward 30d low. I will be monitoring trade relevance over the next 12 hours looking for entry confirmation. Stops are currently set tight.
Bullish 4 days behind us, I see 3 more to complete a stable retrace to 004 — keeping in mind BTC movements carry a strong influence.
Support 0035-0033 through the last week - seems to be holding strong. More upside (or sideways) potential going forward. Will need a strong downward move to plunge further.
Seeing correction for the pump from 0035. Green angle showing correction range as we approach 006. If this breaks, will look for larger correction target, or reversal.
Dip testing support @ 0043 -- after consolidation expecting more upward action. Eth parity could be sooner than anticipated.
After the parabolic pump, there's been correction back to the base trend. Looking for continued support along this trend.
Volume drop, multiple consistent resistance bounces, support seems to be holding.