Sellers loading up in ETH

28 May 2019

A very similar environment to BTC and other Cryptos. We are fading the extreme overshoots in the rally at current levels. From a technical perspective, we are capped below 16th May highs, after failing to clear these yesterday it is sending loud alarms that something is cooking in the background. A healthy correction is needed before anything else to the topside can be resolved in my view. Smart money is tracking around these levels very closely.