Ethereum - PoS dump is not a hindrance! Watching Bitcoin
Subscribe and get a free trading strategy for Bitcoin and Ethereum every day!
Ethereum looks stronger against the background of bitcoin, as its dominance tells us, it is bought back more aggressively against the background of the transition to PoS.
But I remember very well how in 2019 Bitcoin cash split into two networks CASH and SV, after a short period of time (almost immediately) there was a huge ladies of the market!
Therefore, news and technology are good, but the market goes for liquidity. and so 2 scenarios Bullish and Bearish!
Therefore, technology is not a reason to sell Buterin immature technologies.
Bullish
Ethereum needs to consolidate above the level of 1650-1675 and trade there to go higher, or make a movement with consolidation at the level of 1675. Before 1800, Ether looks SHORT (globally), fixing at 1800 will open us a more global long
Short
Locally, the Ethereum short looks like this, fixing below $1,500 and trading at this level with a weak buyer will lead us to the level of 1425, if we break through it, we fix under it and go to close the ETH CME gap to the $1,300 area.
Powell is coming soon, be careful. Remember Trading is about waiting. Good luck.
Ethereum looks stronger against the background of bitcoin, as its dominance tells us, it is bought back more aggressively against the background of the transition to PoS.
But I remember very well how in 2019 Bitcoin cash split into two networks CASH and SV, after a short period of time (almost immediately) there was a huge ladies of the market!
Therefore, news and technology are good, but the market goes for liquidity. and so 2 scenarios Bullish and Bearish!
Therefore, technology is not a reason to sell Buterin immature technologies.
Bullish
Ethereum needs to consolidate above the level of 1650-1675 and trade there to go higher, or make a movement with consolidation at the level of 1675. Before 1800, Ether looks SHORT (globally), fixing at 1800 will open us a more global long
Short
Locally, the Ethereum short looks like this, fixing below $1,500 and trading at this level with a weak buyer will lead us to the level of 1425, if we break through it, we fix under it and go to close the ETH CME gap to the $1,300 area.
Powell is coming soon, be careful. Remember Trading is about waiting. Good luck.
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.