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
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
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