Short-term ETH pullback?
Updated
ETH has gained 17% over the weekend while BTC has only gained 10% in the same span of time, a significant divergence. BTC may be lagging ETH, but the rejection of the fib line at ~592 USDT suggests ETH may be in for a short term correction. I'm just a n00b trying to find my way out of the dark, however, so take it all with a grain of salt.
Note
after a brief reload down to the 568 line, ETH made another push for its high from a week ago. It's failure to make a complete re-trace and push above ~620 may be a bearish signal, given BTC's simultaneous behaviour (the 30m BTC chart currently shows a pinch on the bollinger bands and falling volume). I suspect if BTC fails to find support at its current level (~19.4k-19.5k), impatient hodlers may start to sell in droves.time will tell, but it is probably not a bad time to cash out and get in a holding pattern until a clear signal up emerges.
Note
bogdanoff? he bought ze dip
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