Why will Ethereum drop toward 2500 level
Updated
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair
structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!
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structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!
Thank you for watching
Follow me for more crypto analysis
Note
Several "spot ETFs" are expected to be approved by the SEC, causing Ethereum's price to rise recently but I still hold my bias to more downside. so lets get this ETF off the radarNote
Now after the ETF approval we are seeing a rise in Bitcoin dominance and same scenario I was talking about ETHBTC pair for most of altcoin to bleed against bitcoin , so hopefully we can see it in the coming months
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