ETH/USD forming a pendent here. We will probably see a breakout towards horizontal resistance. A retest at horizontal resistance (purple line) will indicate a decisive path for BTC.
Projection of a breakout comes from 200EMA cross. MACD still looks bearish but can see a possible recovery start.
Looking at exchange data it is currently hard to determine any unusual activity at this time. Full update once activity on exchanges for ETH start becoming more volatile.
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Fails to break above resistance. Formation of rising wedge which indicates a bearish divergence.
Monitoring exchange data for ETH. Whale activity is more higher than average.
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