Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge.
While (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting setups in a few altcoins.
LTC/USDT 1-day chart. Source: TradingView 1-day chart. Source: TradingViewETH/BTC weekly chart. Source: TradingViewETH/BTC weekly chart. Source: TradingViewETH address balances. Source: glassnodeETH MVRV Z-Score. Source: glassnode