Just did an analysis on BTCUSD , and I thought it was bearish . Looking at ETHUSD makes it much more bearish , and the end of this is still farther down.
ETH is pretty much at a YTD low, and broke down three days ago, ahead of BTCUSD . Daily technical indicators are similarly bearish having the similar cross downs. Price action however, see ETHUSD being pushed much farther down.
Support at 1260 must hold in the near term, else 560-650 is the next support range.
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