This is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with...
Subscribe and get a free trading strategy for Bitcoin and Ethereum every day! Ethereum looks stronger against the background of bitcoin, as its dominance tells us, it is bought back more aggressively against the background of the transition to PoS. But I remember very well how in 2019 Bitcoin cash split into two networks CASH and SV, after a short period of time...
hey guyz, i am not sure that #ETH drops to this purple line... however i gonna keep some buy order in this level. let me know what is your idea on this...
SHORT 2066.93 STOP 2086.70 TAKE 1981.30 R/R 1 to 4
Yes i see weakness here, short setup for eth stop above the high. Lets go!