ETHUSD Flash Update
Daily range still holding where it should. 3000 was the key and under cut the low + 50 day moving average and held. Also held our proprietary trend zones.
Daily DeMARK chart posted below
So why the update? Well the daily levels are holding but we have a 240M 9 sell setup. Be aware of this because the sell setups have been good for-short term reversion.
I'm still bullish on ETH on the medium term but wanted to send the update because of how tied the whole crypto space is to Nasdaq/SPX at the moment.
I'm looking at 2900 as the last line in the sand on a tactical ETH long if it reacts in a negative way to the 240M 9 sell setup.