Until then, a reclaim of major higher averages on the daily to weekly timeframe, for instance, would act as a clean risk-on bullish signal if it happens soon.
$3,900 is the line in the sand for Ethereum. A bounce is always possible if it can hold above that and begin to re-engage with multi-month moving averages. If that fails, deeper support could come into play around $3,600.
At the time of writing, Bitcoin is trading at $109,600, and Ethereum is trading at $3,940.
