Disclaimer: I am relatively new to daytrading, so I will advise any followers to not make any trades simply based off my ideas. Feel free to take my chart into account when doing you own analysis though.
Kommentera:
I really can't see ETHUSD breaking up past resistance at 53. It's a strong resistance level so I'm going to look for a short entry around there. The ETH vs BTC inverse correlation makes it difficult to tell for sure. I think if BTC does a nose dive in the next 6 hours (not likely IMO), then we could possibly see ETH breaking up past 53 and on to test around 57. BTC could potentially form a HS.. will watch.
Kommentera:
ETH should be making a mid-to-longterm trend decision soon. Haven't looked closely. Can go either way at this point.