Bitcoin fell 1.2%, while Ether dropped 4.7%.
On the upside, watch $2,150, the round-number level it just lost. $2,246 was today's high, so that's a bit far off.
On the downside, watch $2,100; if it breaks, the next level is today's low of $2,060. Below that, there's only the $2,000 round-number level.
Ether got hit much harder than Bitcoin today: Bitcoin down 1.2%, Ether down 4.7%—a difference of over 3 percentage points. There's no support coming from ETFs either: spot ETH ETFs saw net outflows of $365 million last week, marking their sixth consecutive week of outflows. BTC ETFs saw $1.28 billion in outflows for the week, their largest weekly outflow since late June. This morning, $745 million in positions were liquidated across the market in one hour, 96% of them longs. CPI is due tomorrow at 21:30, with consensus at +0.3%. For now, keep an eye on things ahead of the release.
$ETH $BTC $XRP
On the upside, watch $2,150, the round-number level it just lost. $2,246 was today's high, so that's a bit far off.
On the downside, watch $2,100; if it breaks, the next level is today's low of $2,060. Below that, there's only the $2,000 round-number level.
Ether got hit much harder than Bitcoin today: Bitcoin down 1.2%, Ether down 4.7%—a difference of over 3 percentage points. There's no support coming from ETFs either: spot ETH ETFs saw net outflows of $365 million last week, marking their sixth consecutive week of outflows. BTC ETFs saw $1.28 billion in outflows for the week, their largest weekly outflow since late June. This morning, $745 million in positions were liquidated across the market in one hour, 96% of them longs. CPI is due tomorrow at 21:30, with consensus at +0.3%. For now, keep an eye on things ahead of the release.
$ETH $BTC $XRP
