Haven’t looked at this for a while. In July, Ethereum showed strength and surpassed Bitcoin and practically all major altcoins in terms of growth. Largely due to the public company Bitmine, which was buying coins from the spot market for hundreds of millions of dollars. Now their reserves have been greatly reduced and this demand will disappear.
That’s exactly why the price is behaving so weakly right now: dominance and liquidity are starting to flow back into Bitcoin and other assets. Locally, this is positive again for altcoins, but in the bigger picture I expect a correction of ETH itself and the entire market along with it. Targets 1821, 1802, 1748 👁️ #ETH(二饼)
#BTC走势分析 🟢Ключевые уровни ликвидности: 67.300$ и 61.300$ остаются актуальными - новые сделки станут интересны только после взаимодействия цены с одним из них.. #BTC