There's been a bit of a pullback lately, but there's still hope to find a higher low. For Ethereum, we would love to see the support hold above $205.
Volumes still keep seeming to taper down for the bears though, so hopefully this is just a bull flag. If we find support hold, there's a likely case for a bounce to a new higher high, or for consolidation with tightening prices.
Technical indicators are nearing lows, so this could be a likely reason we will see support potentially hold up and see the next leg of bullish action.
Hope you all have a great Friday!!
Thanks for posting todays update
thank you!
What are the long/short positions looking like on bitmex? I know we have gotten close to 50/50 for BTC.
actually, I haven't checked. Not sure.