Guys, Ethereum is seriously unbelievably weak today.
Bitcoin is only down a little over 2%, but $ETH is down more than 5%, and even 2,370 is barely holding. You can tell just by looking at the chart: the SUPERTREND has turned red, and price has fallen below both the MA7 and MA25. Nearly a third of the gains from that previous rally from 1,500 to 2,800 have been wiped out over the past few days.
Now look at $BTC . It’s falling too, but at least 81,000 is still holding, and the SUPERTREND is still green, which suggests the uptrend hasn’t completely broken down.
The problem is, with the market looking like this, if Bitcoin really can’t hold and takes another leg down, Ethereum’s breakdown could send it to 2,000—and I’m not joking. It already broke below the bottom of that previous trading range. Right now, it’s in free fall.
I just closed all my Ethereum longs. I really don’t dare hold through this price action. Anyone think ETH can hold here? Or are we all waiting to see 2,000?
$ETH $BTC #以太坊 #比特币 #合约 #MarketAnalysis
Bitcoin is only down a little over 2%, but $ETH is down more than 5%, and even 2,370 is barely holding. You can tell just by looking at the chart: the SUPERTREND has turned red, and price has fallen below both the MA7 and MA25. Nearly a third of the gains from that previous rally from 1,500 to 2,800 have been wiped out over the past few days.
Now look at $BTC . It’s falling too, but at least 81,000 is still holding, and the SUPERTREND is still green, which suggests the uptrend hasn’t completely broken down.
The problem is, with the market looking like this, if Bitcoin really can’t hold and takes another leg down, Ethereum’s breakdown could send it to 2,000—and I’m not joking. It already broke below the bottom of that previous trading range. Right now, it’s in free fall.
I just closed all my Ethereum longs. I really don’t dare hold through this price action. Anyone think ETH can hold here? Or are we all waiting to see 2,000?
$ETH $BTC #以太坊 #比特币 #合约 #MarketAnalysis