What's wrong with ETH?
A lot of people are asking is Ethereum lagging behind Bitcoin, as Bitcoin continues to rally up? The short answer is NO....
As I mentioned in my BTC analysis (link below), Bitcoin is heading toward 1.618% Fib Extension, a major resistance. However, as you see in my 4h chart here, note that Ethereum already tested that major resistance (1.618% Fib Extension) back in August, which was at $404 and currently holding above this level. So in my opinion, ETH acted as a leading indicator for BTC and it is NOT lagging behind BTC.
If ETH manages to break through $480, I anticipate a strong rally up to $530... However, if not successful, and BTC reaches its target and starts the correction, it will take ETH down with itself as well..... so trade ETH carefully here....
As I mentioned in my BTC analysis (link below), Bitcoin is heading toward 1.618% Fib Extension, a major resistance. However, as you see in my 4h chart here, note that Ethereum already tested that major resistance (1.618% Fib Extension) back in August, which was at $404 and currently holding above this level. So in my opinion, ETH acted as a leading indicator for BTC and it is NOT lagging behind BTC.
If ETH manages to break through $480, I anticipate a strong rally up to $530... However, if not successful, and BTC reaches its target and starts the correction, it will take ETH down with itself as well..... so trade ETH carefully here....
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.