Ethereum markets initially tried to rally on Tuesday but gave back gains near the $1200 level as we continue to see a lot of negativity in the crypto market. Ultimately, this is a situation that you need to pay close attention to, as the crypto markets in general are on the precipice of a significant selloff. Ultimately, the $1000 level is going to be crucial for Ethereum, so pay close attention to whether or not we can stay above there. If we can, that would be the first positive sign that we have seen in crypto in a while. On a breakout to the upside, we could see an attempt to get to the 50-day EMA, which ... (full story)