Anchored VWAP levels hold for Bitcoin and Ethereum, Brian Shannon notes

Anchored VWAP levels hold for Bitcoin and Ethereum, Brian Shannon notes
Bitcoin and Ethereum show key technical lows

Brian Shannon, founder and full-time trader at AlphaTrends, highlights technical developments in Bitcoin and Ethereum. He observes that both cryptocurrencies may have set their lows, with stops below these levels appearing logical. Shannon points to the anchored VWAP in Ethereum from 2015 and the AVWAP in Bitcoin from its 2022 low, as well as the 61.8% retracement from that low to the all-time high, as critical indicators. He confirms he is currently long both assets.

Shannon has previously analyzed key resistance areas for traders, recently identifying a potential supply zone for SPCX between 175 and 179.50 in an earlier assessment. He also shared his weekly focus on major U.S. ETFs and sector-leading stocks in a recent review. These analyses reflect his ongoing emphasis on technical levels across different markets.

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