ETH is having a rough Monday. $ETH is down 5.7% to $2,110, giving back everything from the run up to $2,450 last week.
Today's range is wide: $2,060 on the bottom, $2,246 on top, and ETH is sitting near the low end of it. The ETF money is still walking out the door too, $365M last week, the sixth straight week of outflows. $BTC is dragging the whole market down with it, so ETH is not fighting this alone.
My take: $2,060 is the line that matters now. Hold it and this looks like a washout. Lose it and the next stop is a lot lower.
Where do you think ETH goes from here, bounce or breakdown?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
Today's range is wide: $2,060 on the bottom, $2,246 on top, and ETH is sitting near the low end of it. The ETF money is still walking out the door too, $365M last week, the sixth straight week of outflows. $BTC is dragging the whole market down with it, so ETH is not fighting this alone.
My take: $2,060 is the line that matters now. Hold it and this looks like a washout. Lose it and the next stop is a lot lower.
Where do you think ETH goes from here, bounce or breakdown?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
