BTC is down 1.47% over the past 24 hours, but ETH has fallen much more sharply, by 3.04%, so ETH is clearly weaker than BTC.
Data as of 14:06 on 11/11 (UTC+7). $BTC is trading around 73,610 USDT, with a 24-hour range of 72,727 to 74,996. The Fear and Greed Index is at 29, in the fear zone, so sentiment remains rather cautious.
$ETH is at 2,054.8 USDT, with a 24-hour range of 2,006 to 2,125. The price is fairly close to its intraday low.
The scenario I’m watching:
If $BTC holds the 72,700 area and rebounds to reclaim 74,996, sentiment may become less fearful. If it breaks below 72,700, the view that sellers have the upper hand will no longer hold.
For $ETH, if it holds above 2,006 and manages to rise to 2,125, there may still be room for another attempt. If it loses 2,006, ETH could weaken further; this needs additional confirmation.
The biggest-falling altcoin is $ZEC , down 15.34% to 974.7 USDT. On the other hand, ONE is up 15.18%, but its 24-hour volume is only around 30 million USDT. Based on the data available, I’m not sure of the reason, so I don’t want to speculate.
Which way are you leaning: will $BTC hold 72,700, or will $ETH continue to underperform BTC?
Manage your risk before entering a trade.
Not investment advice. DYOR.
#BinanceSquare #BTC #ETH
Data as of 14:06 on 11/11 (UTC+7). $BTC is trading around 73,610 USDT, with a 24-hour range of 72,727 to 74,996. The Fear and Greed Index is at 29, in the fear zone, so sentiment remains rather cautious.
$ETH is at 2,054.8 USDT, with a 24-hour range of 2,006 to 2,125. The price is fairly close to its intraday low.
The scenario I’m watching:
If $BTC holds the 72,700 area and rebounds to reclaim 74,996, sentiment may become less fearful. If it breaks below 72,700, the view that sellers have the upper hand will no longer hold.
For $ETH, if it holds above 2,006 and manages to rise to 2,125, there may still be room for another attempt. If it loses 2,006, ETH could weaken further; this needs additional confirmation.
The biggest-falling altcoin is $ZEC , down 15.34% to 974.7 USDT. On the other hand, ONE is up 15.18%, but its 24-hour volume is only around 30 million USDT. Based on the data available, I’m not sure of the reason, so I don’t want to speculate.
Which way are you leaning: will $BTC hold 72,700, or will $ETH continue to underperform BTC?
Manage your risk before entering a trade.
Not investment advice. DYOR.
#BinanceSquare #BTC #ETH
