Hey ETH traders, hope you're doing well! :)
Ethereum broke the huge previous resistance zone around 350-400 Dollars, which had uphold as support in April, to the downside, and saw some big downward action.
Very important: In the direct correlation auf ETH/BTC, we have now broken the big equilibrium, which was spanning over a year, to the downside, with the loss of 0.053.
But should big brother Bitcoin see the break of the neckline at 6.5-6.600 Dollars, ETH could also see some upward potential & a potential retest of the 350 zone.
Should BTC go lower or fake out, obviously ETC bulls cannot to much to the upside, and we're looking toward 200 Dollars weekly support.
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Ethereum broke the huge previous resistance zone around 350-400 Dollars, which had uphold as support in April, to the downside, and saw some big downward action.
Very important: In the direct correlation auf ETH/BTC, we have now broken the big equilibrium, which was spanning over a year, to the downside, with the loss of 0.053.
But should big brother Bitcoin see the break of the neckline at 6.5-6.600 Dollars, ETH could also see some upward potential & a potential retest of the 350 zone.
Should BTC go lower or fake out, obviously ETC bulls cannot to much to the upside, and we're looking toward 200 Dollars weekly support.
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.