Ethereum: Bearish long-term outlook

There are striking similarities between ETH and XMR charts. Both cryptocurrencies have been dominated by selling pressure as early investors are still in search for buyers to take their massive profits. We are currently in a tight range, so I'm waiting for better risk-reward long or short opportunties, as outlined in the chart. Watching closely the BTCUSD cross pair, as volatility is coming after long weeks of bollinger bands compression.

Warning: chart for educative purposes only.

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Update: still on it's way to 0.010-0.009.