以太坊

Will ETHUSD lead the bounce back?

1426
Bitcoin appears to have reached the end of its crazy run (I could be wrong again), and the sell-off has implicated all other coins.

Previously, I mentioned that ETH could be heading for a reversal. I didn't mean it would go to $200, but more like around $430 for consolidation. I was wrong before, and the drop was for a different reason.

Nonetheless, there has been this drop, and a lot of sell pressure has been relieved. While in the mid-term I expect BTC to continue dropping, ETH could lead the bounce back (another candidate would be BCH as Ripple is too weak and others have marketcap too small).

I see a couple of possible scenarios: either ETH continues to follow BTC's drop for another day and release more sell pressure and then bounce at the long-term trendline ($360 would be a good entry), or it starts slowly from here on out. We have a possible bullish bat.

There has been so much price manipulation with these exchanges, and with these scenarios I assume there's no manipulation. Otherwise, it could be $1 or $1000 tomorrow.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。