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ETH to follow the BTC Move?
Ethereum
Short
ETH to follow the BTC Move?
By JinDao_Tai
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Aug 28
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Cheer
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Aug 28
ETHUSD has been trading within the range of 2526 to 2826 since early August.
Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY)
Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price level.
However, if the price retraces back into the previous range, ETHUSD could again be stuck in the August range.
Bitcoin (Cryptocurrency)
BTCUSD
crypto
Cryptocurrency
DXY
ETH
Ethereum (Cryptocurrency)
ETHUSD
Fundamental Analysis
Technical Indicators
Trend Analysis
USD
JinDao_Tai
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