Ethereum fell a bit on Wednesday, pulling back to about the $1,700 level before bouncing a bit and closing the daily candle around $1,735. This is a neutral candle as ETH is in such a defined bull market and uptrend that small red or sideways days like today are simply dips to buy.
(February 10, 2021 8:30 PM EST)
Ethereum drifted a bit lower today, Wednesday, to end the day sideways to slightly negative but barely so in a boring market day for most of crypto. I view this as a dip to buy as Ethereum is in a well-defined uptrend, ascending channel, and even near the top of the channel, indicating that if Ethereum is likely to continue higher towards the $2,000 level and can even break higher from there. Not a whole lot to report on today with regards to that.
