ETH is correlated to BTCUSD so therefore we watch Bitcoin to play Ethereum.
Note
straight down is a possibility just have low confidence in such a move - sideways down would seem more likely given price action this last 2 weeks
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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.