ETHEREUM Breaks More Supports -- Bulls Show Up At $215

For Ethereum, it's been rough -- $224 broke, $220 broke -- bulls finally are seen stepping in at the $215 level, but now we're looking at $215 breaking to test the $210 before too long.

Have we started to see the pullback happening again? Bitcoin is still looking at another three weeks of consolidation before we see an convergence of trend lines for a breakout decision. It's been seeming, the more BTC consolidates, the more it hits other cryptos with bear action.

Yesterday saw a nice bull break from inside bar consolidation. However, are we going to lose that? We're holding the daily low so far, above $210. Longer daily low is at $203, so we could see a nice hold if bulls show up. But, how likely is that? $192 would be the daily low support below that.

We will all admit the markets are so frustrating lately. I think that it's very likely we won't see much definitive action in the next few weeks while BTC makes up its mind. It's very possible to keep seeing action like we've seen the last few days. If you can time it right, there will be small flip opportunities.

Bull action on the short scale disappears quickly! The pullback is basically certain to continue here until we see tests of more supports. The semi-good news is that it seems the bear volume has started to heavily decrease too.