🚨 Market Update - 👀
With Bitcoin chopping around the $118k - $120k area, and BTC dominance falling, altcoins are continuing to outperform. The key to this is king of altcoins Ethereum which is finally taking the focus from Bitcoin. The bullish momentum has seen ETH reclaim the significant level of $3,335 (Yearly Open.) This has been retested and is holding as 4hr support for now.
Today I am watching the zone of 3,370 - 3,330 to see if this maintains support on any further retests. Longer term support formation here and Ethereum could be moving to $3.6k next. If we start to see acceptance back under the Yearly Open, then it is likely we see a $3.2k - $3.1k retest.
#BTC #CryptoDawar #BinanceHODLerERA #PowellVsTrump #AltcoinSeasonLoading
