ETH/USD: Liquidations Causing Drop To $2140

Cryptos are coming sharply lower, after the classical psychological pattern here.

There were plenty of traders buying cryptos after ETF launch; and then there is another group that did not book on that big run ahead of the ETF announcement.

All of those are now liquidating, making a decline strong and sharp.

Looking at the ethereum, price is now now at 2140/70 area, but looks like impulse is in progress so more weakness is liekly coming after rallies. If that's really the case then wave four shoudl stay below $2413