ETH/USD, towards $40?
While it is still possible that Bitcoin and the token market have made a false rupture and will return bullish, waiting such scenario is likely to be a 100% emotional response.
The most likely fact now is a medium-term downturn of the entire cryptocurrency market. ETH could go first to its 150$ support, then to its 40$ support. Bitcoin is likely to go to its 3k support.
This situation could change in the next few days if it is confirmed that these trends are false breaks, but the odds are low, and we are opening descorrelationed averages with short entries.
The most likely fact now is a medium-term downturn of the entire cryptocurrency market. ETH could go first to its 150$ support, then to its 40$ support. Bitcoin is likely to go to its 3k support.
This situation could change in the next few days if it is confirmed that these trends are false breaks, but the odds are low, and we are opening descorrelationed averages with short entries.
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