See also ongoing BTC analysis: 
Note
Note "Bullish" only for the short to mid-term timeframe (i.e. over the next week or two).Note
Forgot to post this here as well -- latest BTC chart analysis posted yesterday in this Ideas thread:Bearish signs appeared yesterday for BTC (which altcoins are strongly correlated to) and sold my BTC/ETH/LINK trading positions.
Note
To note though, all these price action are occurring on the weekend.
It will actually be good for the bulls for ETH to go back down a little before the BTC CME reopens on Monday. However, for ETH, the price needs to stay above the orange 200 SMA at ca. 143 USD, otherwise, significant downside will be expected.
Note
Please see my regularly updated BTC analysis here (extremely relevant since all altcoins tends to pump/dump along with BTC).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.