$ETH
Added 2024-09-09 12:46:45 +0000 UTC$ETH pulled back for a second test of the blue support line and the larger White 0.618 Fib at $2100+ last week, along with the market sell off
It has found support for a second time and has bounced but we need to see some strength now and start to see higher highs and higher lows next to say that the pull back is complete
I do like how it has found support on the standard 0.618 Fib at $2100 and it has pulled back further than $BTC has, meaning $BTC is still at risk of pulling back further whereby $ETH may be completed now
I have added in the 0.78 White Fib at $1562 if the 0.618 Fib is lost at $2,100, this would be considerable weakness if the 0.618 Fib is lost.
Comments
Yes, I feel like altcoins are closer to their bottom than BTC. May be some side way consolidation for some time while BTC finishes is thing (?)
Luc
2024-09-09 13:41:25 +0000 UTC
