We have see a chart like this before in Bitcoin in the early part of April which created a massive short squeeze as the price shot up. The short loading will add continued downward price pressure on ethereum until Bitcoin can find a decent bounce area and take the market Up with it. Trade safe my friends...
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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.