$ETH to lead bitcoin but short term trouble ahead?


Rising wedge on ETH

If we can hold the blue box (320 – 335) its a successful retest of resistance turned support.

If stonks are compliant, permission for ethereum to lead bitcoin short term.

If stonks dump then all bets are off.

Possible for further downside, let’s see how this riding wedge plays out and if it turns into a channel or not. If downside we might get a second test of resistance turned support.

Once again, this is unironically a very important time for bitcoin . The future of the bull market (or lack of it) rests on what happens next (sort of)