$ETH is still holding its 0.5 Fib and gave us a second test today, however it has also stayed below its 200 Day MA and has had two tests of this moving average from below too.
So certainly a fight going on here between the bulls and bears and I think it is happening on the Bitcoin chart too.
I want to add $ETH but I need confirmation that the 0.5 Fib can hold and this has not happened yet.
Also, I am considering doubling my position in $ETH....which is moving some cash into $ETH.
Rob Vila
2024-07-09 03:52:18 +0000 UTC