Hello Dear Traders,
with btc dump ,eth also dumped along with and we seen strong buying area near 530$.
ETH is closely following BTC , every small btc move is very much impacting on eth.
572-576$ is now newly formed supply zone. on weekly timeframe eth is becoming very bearish with btc .
whenever price will test again 545-550 , for shorterm target of 580$ , we can consider LONG Position.
this weekly candle closing is very important for ETH.
with btc dump ,eth also dumped along with and we seen strong buying area near 530$.
ETH is closely following BTC , every small btc move is very much impacting on eth.
572-576$ is now newly formed supply zone. on weekly timeframe eth is becoming very bearish with btc .
whenever price will test again 545-550 , for shorterm target of 580$ , we can consider LONG Position.
this weekly candle closing is very important for ETH.
