EthereumShort
ETHUSD Pressure
ETH is obviously feeling down pressure from both BTC and it's own Futures. Two takeaways is that the RSI has dipped below a several week low and has also got stuck below support. For now, There's some heavy resistance as sellers will fight to hold that as resistance. At this point, 1400 support should get tested.
The tricky thing about Futures is the hype, but the hype dissolves quite quickly once locked in. BTC had a lot of downside after it's first. The PA shows a decrease in buyers. It should also be noted that it is the weekend. The PA on Monday will paint a clearer picture.
The tricky thing about Futures is the hype, but the hype dissolves quite quickly once locked in. BTC had a lot of downside after it's first. The PA shows a decrease in buyers. It should also be noted that it is the weekend. The PA on Monday will paint a clearer picture.
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