1. is low. A lot of money is on the sidelines now. Maybe a weekly close above 21 (blue line) will change that.
2. Mid resistance is also lining up with the last lower high. That will be the real test.
3. is dropping and DI Minus is dominant. Since and all DI are above 20 level, it is still a tug of war between bears and bulls.
1. BTC is breaking out to support a major move for ETH.
2. is potentially printing a loss of downward momentum in histogram in over a month.
3. is ticking up.
ETH saw the same signature with and a close above 21 week a few weeks back which failed very quickly. Big difference this time is the histogram signature. This week’s close on ETH is very important for overall crypto market. Traditional markets are making ATH . It is time for crypto to get some love!!!