CM_Trades

ETH on life support!

BITMEX:ETHUSD   None
  • Ethereum dropped to the tick at $110 overnight, bouncing on the top of the support zone
  • We are currently below the once support now resistance zone
  • If we cannot break and close above this block, $100 is very likely
  • Breaking above this zone with some volume will give bulls some hope and we could see a retest of the resistance zone that caused us trouble most of the week
  • All eyes are on Bitcoin now at that $3800 area, a break of this means possibly sub-$100 ether again

Thanks guys!

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