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ETH/USD: Waiting for Bitcoin
Ethereum initially pulled back just a bit during the trading session here on Monday only to find buyers again near the 50 day EMA. All things being equal, this is a market that is paying close attention to the $2,400 level, an area that has been a large round psychologically significant and an area that's been support multiple times. I do think that we have a situation where Ethereum is just hanging out and waiting to figure out what it is that Bitcoin is going to do because the Bitcoin market leads the rest. With all of that being said, I believe that you have a situation where if Bitcoin starts to take off, ... (full story)
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