- ETH has almost (within $12- reached a 1:1 extension of the fist major corrective move). - Just like in 2018/19 it has corrected more deeply than BTC. - Last time "big daddy BTC" recovered first and went on a run while ETH continued dipping. - This time maybe the same maybe different. - At least a plausible (just like in BTC) 5 sub-waves down the swing-low.
3rd largest BTC wallet accumulating BTC at current price levels.
- I don't see any clear bullish RSI divergence on the daily timeframe - which is what I am waiting for. But some indicators pointing towards a potential nearby change of direction. - If the swing low is broke, several support levels shown below. - Possibly worth an UNLEVERAGED buy to build up a position. Leverage got us into this mess.
If you are short term swing - a couple of major upside resistance points marked. As well as the 55EMA will probably reject any big move to the upside in the next few months.