Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETH dropped below 50-EMA but was checked by 100-EMA. 
• A positive CVD spot could offer bulls slight hope. 

The second largest digital asset based on market cap, Ethereum [ETH], is weathering the current strong macro headwinds better than Bitcoin [BTC]. For perspective, ETH’s weekly loss was about 5% at press time, according to CoinMarketCap. 

Is your portfolio green? Check ETH Profit Calculator 

In the same period, BTC depreciated by about 7%; thus, the king coin was hammered more than the ETH – further reinforcing ETH’s decoupling from BTC. But Binance Coin [BNB] outperformed both assets on the weekly front. 

Despite the corrections, the Crypto Greed and Fear index was “neutral” with a value of 48 at press time, compared to the “greed” position last week (7-14 May). 

Will bulls continue defending $1800?

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Author: Suzuki Shillsalot

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