- Ethereum finally broke the support zone it was holding despite the crash in BTC
- Once price breached the lows, we saw a cascade of sell orders/stop-loss get triggered causing a quick drop to the $130s
- EMAs continue to fall sharply with price
- We are near the support OB below at around $95 but we bounced at the low of the previous drop back in August 2017
- Whether we bounce strongly from here or make one last swoosh lower has yet to be seen but a nice squeeze could be on the cards
Thanks guys!