Morning guys and gals, lets take a look at what the Ethereum market has been up too.
Eth has been as volatile as ever and has lost 50% against Btc since late January.
The chart looks a very strong bearish trend, indicators are showing overbought conditions, so I would expect more blood for Ethereum in the near future.
Resistance is solid at 0.06 btc and the support at 0.05 – 0.055 is being tested as I write this report.
I do believe there is a lot of upside to the crypto markets at the moment, however timing for a good entry is critical.
I will wait for ETH to show strength against BTC before considering a new long position.