What's wrong with ETH?
A lot of people are asking is Ethereum lagging behind Bitcoin, as Bitcoin continues to rally up? The short answer is NO....
As I mentioned in my BTC analysis (link below), Bitcoin is heading toward 1.618% Fib Extension, a major resistance. However, as you see in my 4h chart here, note that Ethereum already tested that major resistance (1.618% Fib Extension) back in August, which was at $404 and currently holding above this level. So in my opinion, ETH acted as a leading indicator for BTC and it is NOT lagging behind BTC.
If ETH manages to break through $480, I anticipate a strong rally up to $530... However, if not successful, and BTC reaches its target and starts the correction, it will take ETH down with itself as well..... so trade ETH carefully here....
As I mentioned in my BTC analysis (link below), Bitcoin is heading toward 1.618% Fib Extension, a major resistance. However, as you see in my 4h chart here, note that Ethereum already tested that major resistance (1.618% Fib Extension) back in August, which was at $404 and currently holding above this level. So in my opinion, ETH acted as a leading indicator for BTC and it is NOT lagging behind BTC.
If ETH manages to break through $480, I anticipate a strong rally up to $530... However, if not successful, and BTC reaches its target and starts the correction, it will take ETH down with itself as well..... so trade ETH carefully here....
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.