Eth, like the rest of the market, took a bit of a hit last night but in true fashion has managed to hold above all support levels and within the current uptrend. There is still some weakness and uncertainty in the market since the DXY produced a stronger than expected chart over the last few days. Crypto markets and the DXY typically have a negative correlation and so a bit of a pullback can be expected in these skittish markets. I'm not expecting this negativity to last long as I believe it's more of a knee jerk reaction to news that will be quickly forgotten. The crypto market has been moving up on strong fundamentals and I'm expecting this to resume fairly quickly. In the very short term, we could go lower but at this stage I am happy holding my position.
