ETHUSD has been trading within the range of 2526 to 2826 since early August.
Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY)
Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price level.
However, if the price retraces back into the previous range, ETHUSD could again be stuck in the August range.
Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY)
Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price level.
However, if the price retraces back into the previous range, ETHUSD could again be stuck in the August range.
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Join my mailing list jindaotai.com/joinme
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.