- After hanging out near resistance for a few days, ETH was unable to muster any kind of strength
- We did get a break down from the channel we formed near this supply zone and have been dropping ever since
- We bounced perfectly at the bottom of the support OB at $103.50 on above-average volume
- This is the line in the sand for bulls. If this zone isn't defended, we could see new lows as many expect to pick ether up in the low 90s
- EMAs continue to trend lower and remain key resistance points
Thanks guys!