$ETH - Ethereum Crosses $2,400 - Breakout or Bull Trap?
Ethereum Reclaims $2,400 After The Market Crash - Is This Rally Real?
ETH dropped to $2,226 after Bitcoin crashed to $75,618.
Panic was everywhere. ETH stayed stuck below $2,350 for days.
Then what happened?
ETH bounced +9.6% in hours, crossed $2,400 and hit $2,439. Bitcoin's recovery pulled ETH up with it.
BULLS Say: $2,400 breakout is confirmed. Next target is $2,490, then $2,700. ETH/BTC ratio is turning bullish.
BEARS Say: This is just a Bitcoin sympathy pump. $2,490 is strong resistance. Fail here = retest of $2,226.
My Take: Holding above $2,400 means a $2,490 test is almost certain. Losing it means it was a trap.
What do YOU think? Will ETH go to $2,700 or back to $2,200?
#Binance98PercentReplenished
#Plasma
#Ethereum(ETH)
#crypto #USMidterms-WhatAreMarketsExpecting?
Ethereum Reclaims $2,400 After The Market Crash - Is This Rally Real?
ETH dropped to $2,226 after Bitcoin crashed to $75,618.
Panic was everywhere. ETH stayed stuck below $2,350 for days.
Then what happened?
ETH bounced +9.6% in hours, crossed $2,400 and hit $2,439. Bitcoin's recovery pulled ETH up with it.
BULLS Say: $2,400 breakout is confirmed. Next target is $2,490, then $2,700. ETH/BTC ratio is turning bullish.
BEARS Say: This is just a Bitcoin sympathy pump. $2,490 is strong resistance. Fail here = retest of $2,226.
My Take: Holding above $2,400 means a $2,490 test is almost certain. Losing it means it was a trap.
What do YOU think? Will ETH go to $2,700 or back to $2,200?
#Binance98PercentReplenished
#Plasma
#Ethereum(ETH)
#crypto #USMidterms-WhatAreMarketsExpecting?
