CM_Trades

Ethereum on its road to $180?!

Short
COINBASE:ETHUSD   Ethereum
  • Ethereum rejected the EMA and has been downhill since then
  • We have broken below the support OB and are now most likely heading to hit liquidity down in the $180 range
  • EMAs are starting to turn over so more pain could be in store
  • There is a lot of liquidity to be tapped in the $165-$180 area
  • Anywhere in this demand zone would be a decent zone to long but we need to see whether Bitcoin wants to test yearly lows
  • If BTC does test lows, we could very well see ETH test $165 or even make new lows so CAUTION is warranted here

Thanks guys!

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