Back into range
ETH broke resistance however after attempting twice to get back to the higher levels has fallen back below taking back the lower level with a large wick.
The rebound didn't retake resistance as I had it drawn previously, but it is a slightly debatable zone.
This move is interesting as BTC has not performed the same retracement, although as I commented yesterday ETH had not broken market structure in the same way that BTC had - however should BTC retrace further ETH will likely head back to the bottom of the range.
The rebound didn't retake resistance as I had it drawn previously, but it is a slightly debatable zone.
This move is interesting as BTC has not performed the same retracement, although as I commented yesterday ETH had not broken market structure in the same way that BTC had - however should BTC retrace further ETH will likely head back to the bottom of the range.
Come say hi @elisa_crypto on twitter!
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