Q: “Machi” has reduced their ETH long position, with unrealized profits narrowing to $23,000. What impact will this have on the market?
A: The bearish news being priced in actually reduces uncertainty, but we’ll have to wait for price action to confirm. Technically, the upper and lower bounds of the range are the key levels to watch.
$ETH is currently trading at 2427.52.
A: The bearish news being priced in actually reduces uncertainty, but we’ll have to wait for price action to confirm. Technically, the upper and lower bounds of the range are the key levels to watch.
$ETH is currently trading at 2427.52.