Coin I'm watching tonight: $ETH
Today it rose about 2% to around $2,290, doing slightly better than Bitcoin.
Bullish scenario:
- Ethereum rebounds along with the market, and the fear index eases.
- If Bitcoin holds above 78,000, Ethereum usually moves more strongly.
Bearish scenario:
- About $85 million flowed out of ETH funds on November 3, mostly from ETHA (around $74 million).
- The market is still in fear territory, and any drop in Bitcoin will drag Ethereum down with it.
My take: ETH is more tied to Bitcoin right now than anything else. I’m not rushing in.
Not financial advice.
Are you leaning bullish or bearish?
#BinanceSquare #Ethereum #ETH
Today it rose about 2% to around $2,290, doing slightly better than Bitcoin.
Bullish scenario:
- Ethereum rebounds along with the market, and the fear index eases.
- If Bitcoin holds above 78,000, Ethereum usually moves more strongly.
Bearish scenario:
- About $85 million flowed out of ETH funds on November 3, mostly from ETHA (around $74 million).
- The market is still in fear territory, and any drop in Bitcoin will drag Ethereum down with it.
My take: ETH is more tied to Bitcoin right now than anything else. I’m not rushing in.
Not financial advice.
Are you leaning bullish or bearish?
#BinanceSquare #Ethereum #ETH
