Quick look at the Ethereum market versus the Dollar.
Ethereum regained its momentum after some good bullish price action hit the market early April.
Eth has amlost gained a 100% since it hit lows at around $360.
This is a good example of open interest on the markets, it is safe to say any Eth under $400 is a steal.
This little bull run could end quickly should support at the $550 – $600 fail.
Should the above happen, I will consider placing some buy orders in the $400 zone as well as the $500 zone.
I am bullish should we consolidate above $600 going into the work week, $550 still bullish in my opinion, but I am a bear should we consolidate below $550.
Bear in mind I will try scoop up some more ETH at lower prices, no pun indended.
I will take profits from my entries at $400 should we break below $600. Safe trades.