ETH
Analysis done on 30 minute and daily candles. Crypto markets dipped once again this week as more tension grows in the economic and political world. Ethereum in particular has moved back below the 50 day moving averages after it traded above it for just a few days. ETH's move came to a halt when the coin faced a double top rejection at the 3200.00 mark and got sold back towards the 2830.00 support. Based on the volume trend in the past two weeks, ETH is still displaying heavy selling pressure and may move towards the 2600.00 mark to retest that support range. The tension in our world along with new monetary policy are weighing heavy on financial markets, so in order for buyers to gain confidence again they will likely need a strong positive catalyst. If we get a catalyst that brings in buyers, we want ETH to move back above the 3500.00 mark to be back in a fully healthy range.
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