Ethereum is bleeding harder than Bitcoin, and that is where the real damage is. 🔴
CoinGecko data checked at 05:00 PKT on 6 November puts Ethereum near 2,231.81 dollars, down 7.96 percent in 24 hours, inside a range of 2,208.54 to 2,433.96 dollars, with recent closes pinned at the lows, 2,231.35, then 2,227.75, then 2,234.36, then 2,229.09, then 2,229.43. 📊 CoinGlass data reported by laicrypto shows the largest single liquidation of the crash was a 10.94 million dollar ETHUSDT long on Binance, and Ethereum led the altcoin selloff with 163.83 million dollars in liquidations. My reading is that Ethereum is the market's weak link right now, because it fell further than Bitcoin and the biggest forced seller was an ETH long, so until Ethereum reclaims 2,300 dollars, altcoins will keep bleeding with it.
Does Ethereum reclaim 2,300 dollars today, or test 2,208 dollars first? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
CoinGecko data checked at 05:00 PKT on 6 November puts Ethereum near 2,231.81 dollars, down 7.96 percent in 24 hours, inside a range of 2,208.54 to 2,433.96 dollars, with recent closes pinned at the lows, 2,231.35, then 2,227.75, then 2,234.36, then 2,229.09, then 2,229.43. 📊 CoinGlass data reported by laicrypto shows the largest single liquidation of the crash was a 10.94 million dollar ETHUSDT long on Binance, and Ethereum led the altcoin selloff with 163.83 million dollars in liquidations. My reading is that Ethereum is the market's weak link right now, because it fell further than Bitcoin and the biggest forced seller was an ETH long, so until Ethereum reclaims 2,300 dollars, altcoins will keep bleeding with it.
Does Ethereum reclaim 2,300 dollars today, or test 2,208 dollars first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
