Hello guys and welcome in today's video today we're going to be discussing well ethereum and Bitcoin and then we're going to have a market overview towards the end just kind of looking at what's going on for the day now if you haven't already subscribe drop a comment andClick that Bell icon and help us support the Channel all right ethereum as of right now is trading at 1,583 now if you look at the screen you can see that I have already kind of indicated that it's still in the well bare market and you don't need me reallyTo tell you that right so um taking a look a little bit deeper we are always discussing when the market is going to kind of come back to those really pivotal moments and those really big Market changes or there's Market structures uh and we're talking aboutThat now now we're kind of we're kind of going back and forth into that uh right now so 1 1540 is kind of that real it it's really going to be that moment where if you notice we kind of hit this moment a few times being the fact thatIt is the support level but there's some major moments that's coming in like this big drop back in September re retouched that it actually went below that but I think it closed at the end of the day around 1548 uh the same thing back again another big dive down it was just kindOf pushed through back on the October the 9th right kind of happened as well and we had those big pushes coming back the thing that we're looking at right now though uh is somewhere to look to kind of see the light of day are we going to see really two grand come backOut of ethereum and that's kind of the big question well right now because we're trading over the 200 the 200 day uh EMA uh we can kind of go ahead and say well we're in we're in the bare Market but uh it can push back through now the last major Market structure thatWe had that kind of pushed back in in uh was back let's see uh the 23rd of June was like when we kind of made that big push when we were really low right so those couple of days we kind of made a big jump it really kind of started onThe 16 and throughout that week it jumped finally came back around 1,00 bucks uh and right now we're kind of pushing back down now if we're kind of like look really closely and I'm of course I'm in the day day graph here but the daytime frame uhWe're starting to kind of come back in does that mean anything no it doesn't it it really doesn't because we also started to come back in here and we touch back down but uh what I'm saying is you can't look at it in this way areWe going to touch 1655 yeah we we'll definitely touch that moment because that's our next area where we need to kind of come back up to and we're going to see some resistance you can see man the resistance here the fighting back and forth there's right now everybodyAnd we're coming in the winter that crypto winter too right everybody is coming in and nobody is sure the stuff that's going on with Israel right now the stuff that's happening of course with with Ukraine and Russia so all of this is kind of like affecting prices people areJumping to buy gold they're they're not they're not really too worried about um or they're not too focused let's call it focused on on anything crypto at the moment uh they're they're kind of waiting to see what's happened because I know that a lot of friends of mine uhThey they liquidated their crypto they went and bought gold when they jump into oil uh and then they turn around and sell it anyways for cash right so they're just trying to have something a little bit tangible in hands at the moment but it's not that they're goingForever it's just one of that and what that's doing and really what essentially what that's doing it's creating this dip in the market just for now but it will pump back up because of course once everything and it will finally come back too it will start to pump it's notThere's no forever winter right so even if you're Jon Snow and winter is coming but it will it will come back up but that's what we have now uh the next area is what we we're going to see some push back 1594 and of course the major onesThat the only ones that really make sense to even talk about is around 1650 uh to look at even if we're going to jump for the last like four hours uh the four hours is just like Grim of course the last like day is just Grim but uhEven if we go and we jump forward uh to the week uh also it's going down but you can see that it loot is actually some some buying is getting some momentum here so there's just a lot of selling pressure and that's where that's coming from it'sNot you have to think like even the dollar jump but there's also the dollarization kind of coming on everything's just kind of intermo over the last week and you'll expect to see that kind of will wind back down and people start returning to the market so once the Hysteria and the differentCortisol levels start to kind of relax a little bit it's it's very it's very common Bitcoin the same thing here bitcoin's actually really stronger though bitcoin's at 27,5 A9 and where we have it kind of going into a range a little bit which is a lot better when we whenWe compare we had some good moments pushing up from uh September uh the thing is to is not a lot of volume is happening right but when we look at the 200 uh the 200 day EMA we have the that we're actually coming trying to cross it nowOnce we cross it a lot of investors a lot of a lot of Traders are going to see that moment and they're going to expect to see uh it really pump and jump a little bit more because when when they say it's it's an entering opportunity because you typically when it when itDoes cross and Ro just kind of like come you you see a huge jump right so like when he got here it got closer and closer more and more people what drove this actually coming up was that it was getting closer and closer to the CMA andOnce of course it broke past it it started buy and then people were scared so they sold and then we had this kind of come up and we had these uh swing moments uh but it will happen uh again and that's what we're kind of you'reGoing to see shortly too um now let's see right here we have our our resistance level our strong support level is around 25,000 which is not really bad for Bitcoin it's not the greatest but it's not really bad a strong resistance level is around 29,300That's where we want to be but it is very possible to reach that very soon think of it back like in August when we had this big buy and push again also it's getting closer and closer to coming back in of course they got it right hereAs well people got nervous sold so forth so on but um here we're getting closer people are selling thinking it's just going to dop down it's going to reverse but I really believe it's going to push up forward and even more the same thing for the weekly weekly is alsoDevastating for crypto now you can see the selling pressure is pushing it could go down if we're looking at the weekly but I like to kind of go by the day to kind see what's going on more so but we'll get we'll get to the point whereWe're on a 28 we'll see some selling pressure coming in but we just need enough buyers to really push in now even the volume level the volume is much better compared to ethereum in that matter in most crypto so Bitcoin is one of those coins that they stay uh on topOf as far as the volume goes only only so rarely does it like like for example like here a little bit there was some kind of like dullness coming in uh but there's still money to be made over and all crypto for the day right Bitcoin down by 1.2% ethereum downBy 3% we have xrp 3.9 salana is is down by 5.3 TRX 2 cardano is down by 2.4% like Coy 2.8 it's bloody okay it's bloody all right so link four and a half mic so forth if we look at the week uh also it's not so bad but it's not soGreat either uh per ethereum is down by five xrp salana is by 6.4 and again the week is kind of started already and you have to think don't don't allow the mo motion to kind of get you but what's going on is the fact that so much conflict isHappening that's that's really what's happening right now and so everybody's a little bit nervous but this is what's causing the entire Market to kind of feel this and this is what you're seeing so if it's just one coin for example and it's really starting to crash then youHave one moment but what this shows is when you see multiple coins kind of taking these hits It's really about the exponent factors the the uh external factors kind of happening here like the news for example like any Market reacts right so this is what we have that's all for today's video doSubscribe drop a comment let me know what you think and I will see you next time