ETH close at Lower High & EMA12
Ethereum / Dollar BITFINEX:ETHUSD
Watch my daily technical analysis on Bitcoin & crypto alts, BTC ETH EOS IOTA LTC
ETH is trying to break the Lower High on the hourly and is fighting with EMA12 right now. Relatively stronger to BTC & leading, if we can hold this bottom. I also like the volume , should make the bears at least a little bit uncomfortable . Otherwise, today we achieved actually the May lows in the correlation (=>ETHBTC). If we keep falling from here, until the area around 420-430 there is no support.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .
I'm currently a member of the ChartGuys community.