Cryptos seem to be forming a tightening consolidation pattern as there is price rejection below previous levels, but maintaining higher lows.
Volume's been picking up during the spikes, but trailing off effectively.
Sentiment in the market still remains unsure as search interest in Bitcoin and other cryptos has shown signs of wearing.
ETH still remains supported by the $250 level as $270 offers resistance. If there's a bounce, we're likely to see it happen at $247.
Hourly charts and shorter indicate bear pressure growing and a pullback likely.
Stay tuned for updates.
