The break of $19,125 was the break of the neckline of support on the hourly potential head and shoulder pattern.
Bulls have been slowly recovering all night from an hourly oversold RSI bounce.
Bulls will need to see continuation of higher lows and higher highs making their way back towards all time highs.
The 4 hour chart is still bullish, with healthy consolidation and an higher low being set.
It would require an inability to break all time highs, and a break of the low last night to see any red flags for bulls from here.
Consistent buying of the dips continues, though much less forceful than normal as there was less of a flush climax than usual last night.
ETH is the clear bounce winner, completely recovering this morning.
Bulls have been slowly recovering all night from an hourly oversold RSI bounce.
Bulls will need to see continuation of higher lows and higher highs making their way back towards all time highs.
The 4 hour chart is still bullish, with healthy consolidation and an higher low being set.
It would require an inability to break all time highs, and a break of the low last night to see any red flags for bulls from here.
Consistent buying of the dips continues, though much less forceful than normal as there was less of a flush climax than usual last night.
ETH is the clear bounce winner, completely recovering this morning.
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