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Gl4diator

#ethereum - 3D is showing weakness due to BTC´s struggles

Gl4diator  
BITMEX:ETHUSD   None
Trend Analysis Chart Patterns Beyond Technical Analysis Ethereum (Cryptocurrency) ETHUSD support breakdown 3d Cryptocurrency altcoin educational Technical Analysis
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trendanalysis chartpattern beyondta ethereum ethusd support breakdown 3d cryptocurrency altcoin educational technicalanalysis
Currently, ETHUSD is holding above this very important support-line but seems to struggle to bounce off it. Looking at bitcoin and it´s potential to go lower, trader´s who are long on Ethereum should start reconsidering their position in case they were not able to set tight stop losses. Also, the Ichimoku-Cloud is about to turn, on 3D this would not be from advantage for Ethereum´s mid-term development. Lows in the 160´s$ remain a possibility.

Targets & Supports stay the same.

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Warm regards,

Neru

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