I usually trade on Kraken but look at Bitfinex as a determinant of market direction. ETH is still solidly above support and forming a double bottom
. With BTC
close to breaking the 200 MA on the daily chart
, when will the market finally decouple ETH and BTC
movement? I'm sure there are thousands of shorts just waiting to be squeezed. Etherium is a solid project with many tokens in the network. Can we move on already from BTC
You can clearly see the double bottom
printed, which could be a strong indicator that ETHUSD
will make a move toward resistance at around $1100.