ETH needs to break above the 55 EMA/ 50% level of the retrace from the local highs. If ETH can't get over this hump, then I see a drop back down to retest the .618 fib level around $190.
Right now my long from yesterday will only be valid if ETH is able to break above this critical resistance. With BTC retesting the 9800-10k support, ETH looks more likely to fall back below $200. Will update again soon!
Right now my long from yesterday will only be valid if ETH is able to break above this critical resistance. With BTC retesting the 9800-10k support, ETH looks more likely to fall back below $200. Will update again soon!