/biz/ - Business & Finance

Some weird shit going on with the Ethereum price lately. Aside from Longs getting absolutely wrecked, ETH seems to be having trouble breaking above $1850 with an unusual number of sell offs happening right before it breaks out. Bull flags are breaking down, failing to break key resistances despite record volume coming in, I've been watching the second interval charts pretty closely and it seems that maybe a auto trading bot is selling off whenever ETH tries to break these key resistance levels and Fibonacci levels... now isn't this a bit redundant to do, especially during a golden bull market? Especially with an asset that outperformed BTC and the rest of the crypto market last year? What are these guys planning?