After the wipeout in crypto yesterday, the Bitcoin crowd put together a counter-attack, and there was a big bounce all through the night.
Well, it didn’t last. Ethereum is pushing back beneath its key support/resistance line.
You can see by way of the rainbow have swiftly BTC blew higher, and now it’s burning off some of those gains.
I’m sure the BTC crowd is defending the psychologically-important $40,000 level, but I wouldn’t be at all surprised to see this level breached within days, if not hours.
