Yesterday’s setup for ETH played out too. The idea was that if 2,600 broke, the next level to watch was 2,570.
At 6 p.m. yesterday, 2,600 broke. By 7 p.m. the price had reached 2,575, and by 9 p.m. it was at 2,567—more or less hitting the target.
Today, there’s another detail to watch.
At 12:30 p.m., BTC took another hit, making a new low of 82,318—lower than last night. ETH, at the same time, only dropped to 2,551, not even reaching the 2,542 low from 2 a.m.
BTC made a new low, but ETH didn’t follow suit. Yesterday ETH was weaker than BTC; today, it was the first to hold up.
So, go long on ETH around the current price of 2,565.
Watch 2,542 as the line of defense. That was the overnight low; a break below it would mean that low didn’t hold.
First, watch 2,585 above. At 9:30 a.m. and 11 a.m. today, the price touched 2,584 twice, but was pushed back each time. If it breaks above that, watch 2,600. #eth $ETH
At 6 p.m. yesterday, 2,600 broke. By 7 p.m. the price had reached 2,575, and by 9 p.m. it was at 2,567—more or less hitting the target.
Today, there’s another detail to watch.
At 12:30 p.m., BTC took another hit, making a new low of 82,318—lower than last night. ETH, at the same time, only dropped to 2,551, not even reaching the 2,542 low from 2 a.m.
BTC made a new low, but ETH didn’t follow suit. Yesterday ETH was weaker than BTC; today, it was the first to hold up.
So, go long on ETH around the current price of 2,565.
Watch 2,542 as the line of defense. That was the overnight low; a break below it would mean that low didn’t hold.
First, watch 2,585 above. At 9:30 a.m. and 11 a.m. today, the price touched 2,584 twice, but was pushed back each time. If it breaks above that, watch 2,600. #eth $ETH