ETH Consolidation

Update on ETH: It's sticking to purple trendline for now but remember that it will move in sympathy with Bitcoin. As I stated in my precious post, there is a reasonable chance of a BTC retracement to 52k. Because of this, ETH can easily retest the $1500 to $1600 level (watch the 0.618 fib as a strong resistance). Remember that long term, even if we correct, my long term targets do not change. The current crypto bull cycle is one of the most bullish cycles to date.