Ethereum making a pullback to resistance, watch for reaction!

Ethereum is starting to make a pullback to our breakout level. This is usually a sign of bigger players pushing price back up to get in at a good entry. Our 1st major resistance is at 910.21 ( Fibonacci retracement , horizontal overlap resistance) and another reaction off this level could push price all the way down to 781 support ( Fibonacci retracement , horizontal swing low support).

RSI (55) has broken below our 46% support-turned-resistance line signaling that we’re starting to see a bearish move.

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This analysis is provided as general market commentary and does not constitute investment advice.
i agree with you
What is your thought about the correlation to the bitcoin price? Could the rising bitcoin price trump this move?
rnm410 jayhennings
@jayhennings, Here is you correlation matrix. https://www.sifrdata.com/cryptocurrency-correlation-matrix/
I've been using eth as a lead on btc with a short span of divergence in ltc, ltc has gone back to shadowing btc. Most alts are more correlated to eth. My analysis on eth is a bit different than the above.
@rnm410, thanks, great resource! :)
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