- Ethereum rejected the EMA and has been downhill since then
- We have broken below the support OB and are now most likely heading to hit liquidity down in the $180 range
- EMAs are starting to turn over so more pain could be in store
- There is a lot of liquidity to be tapped in the $165-$180 area
- Anywhere in this demand zone would be a decent zone to long but we need to see whether Bitcoin wants to test yearly lows
- If BTC does test lows, we could very well see ETH test $165 or even make new lows so CAUTION is warranted here
Thanks guys!