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March 15 Ethereum Update – ETH Rejection at $3,944.66

$ETH was able to climb above $3,944.66, but ultimately failed to remain above $3.9k. In yesterday’s update I discussed how ETH lost support at $3.9k, and ETH has rebounded overnight around $3.6k at the light blue trendline. I am waiting for ETH to climb up a little higher to look for another short trade setup. I think BTC, ETH, and ALTS are at risk of a much bigger correction starting the end of this week, but I would prefer to short at a higher price.

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