I don't like the Weekly candle on $ETH.
I was hoping to see this flush reprice pretty quickly...
But if we close again like this, that will be 5 weekly candles that have failed to break higher.
If we continue to see weakness and we lose the 200D EMA, I would be prepared for us to test the 200D SMA at $2200.
This doesn't change my overall thesis at all.
If we get this move it does not change the Bullish structure.
1W and 2W MACD look great - we have a lot higher to go.
This would drawback for alts temporarily but it will give us the spring we need to finally push above $3,000.
