Here we find critical historical resistance at the 0.032 mark colliding with an aggressive bearish trend line (green).
This trend line has been the strippers' pole around which the price action has spun over recent weeks since the swing high in early Feb.
Which way does it go now? Unclear. Entirely depends on BTC volatility. More BTC volatility (either direction) = bearish for ETHBTC.
Watch this closely for the next few 4hr candles.
Peace to all. Thanks.
This trend line has been the strippers' pole around which the price action has spun over recent weeks since the swing high in early Feb.
Which way does it go now? Unclear. Entirely depends on BTC volatility. More BTC volatility (either direction) = bearish for ETHBTC.
Watch this closely for the next few 4hr candles.
Peace to all. Thanks.