The ETH dominance will continue to rise to give ETHEREUM a bull trap. I don't see any mathematical way for ETHEREUM to retrace at the .618. I would be looking at a retracement coming at the .702 or possibly even the .786 before we see bullish price action for the altcoins.
I'm not sure how long this will take ETH has been pumping into this retracement since late January.
I'm not sure how long this will take ETH has been pumping into this retracement since late January.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.