Hey, guys,
ether as expected completely repeated bitcoin's direction despite positive fud due to ETF expectation. As I said I am picking up ether on the dip, but this is not a short term trade but closer to active investing or swing trading.
Technically we can see that the price has come to the 2200 zone and there is cluster volume and bid order pressure is decreasing. I think that the 2200-2100 zone could potentially be a local bottom. Watching ether outside of bitcoin will be wrong, so just in case we need a reminder - ether is fully linked to bitcoin, if bitcoin continues to correct below 40k and we go to the 36-35k zone, ether will also support this movement and we will see a decline to the 1800-2000 zone.
