ETHUSD is trending nicely in the 2 hour and 30 minute charts and is in a bullish formation in my opinion which I call a melting up wedge. This is not what I would term as a rising bearish wedge because the travel is still too small for that. However if it did break down through this trend line on either of these two charts then I would reassess my outlook.
It also depend very much on what BTC is doing as any further rallies on BTC will attract buyers in from these other coin assets. So if BTC decides to make a move up out of its downward consolidation here with bullish momentum and good volume it could go back for that 10K trophy and if this happens the other coins will suffer further losses.
It also depend very much on what BTC is doing as any further rallies on BTC will attract buyers in from these other coin assets. So if BTC decides to make a move up out of its downward consolidation here with bullish momentum and good volume it could go back for that 10K trophy and if this happens the other coins will suffer further losses.