$ETH
Added 2024-07-12 11:41:24 +0000 UTC$ETH was looking like it could hold above its 200 Day MA yesterday after CPI but on the retest we can clearly see that the price did not hold above the 200 Day MA and is now sitting below this level right now.
All is not lost, there may be another attempt, there was a large rug pull in the market yesterday, especially amongst Mega Caps and strong rotation into undervalued positions, $ETH and $BTC felt this rotation too.
Right now, there is no signal to buy, we want to see a hold above the 200 Day, otherwise a retest of the 0.5 Fib can happen again.
