ETH had looked like it has been basing out. but there were clues to it drop today. even with BTC having a nice trend last couple weeks ETH just could not catch a bounce showing relative weekness. It never could hold and remount its EMA'S.
that 250 mark was a key technical support along with pyschological level that traders were really watching. this break below could be 1 more big flush.
hopefully we get some volatility and a capitulation event. cryptos have been just to steady in its decline. to orderly. we need that big flush and let things clear out.
Disclosure: I am short some ETH on kraken in the 250s for a daytrade only
that 250 mark was a key technical support along with pyschological level that traders were really watching. this break below could be 1 more big flush.
hopefully we get some volatility and a capitulation event. cryptos have been just to steady in its decline. to orderly. we need that big flush and let things clear out.
Disclosure: I am short some ETH on kraken in the 250s for a daytrade only