ETH just changed the conversation
After weeks of bearish sentiment and “ETH is dead” takes, Ethereum suddenly jumped roughly 17.5% on Aug. 19, trading above $2,300 intraday.
I was tracking the move on BingX, and it’s a good reminder that market sentiment can flip very quickly.
One big candle doesn’t confirm a trend reversal, though.
ETH comeback, or just a massive short squeeze?
The next few sessions should tell us a lot.
#Ethereum #ETH #Macro Insights#
After weeks of bearish sentiment and “ETH is dead” takes, Ethereum suddenly jumped roughly 17.5% on Aug. 19, trading above $2,300 intraday.
I was tracking the move on BingX, and it’s a good reminder that market sentiment can flip very quickly.
One big candle doesn’t confirm a trend reversal, though.
ETH comeback, or just a massive short squeeze?
The next few sessions should tell us a lot.
#Ethereum #ETH #Macro Insights#