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RE: Ethereum Analysis (ETH/USD)

in #trading5 years ago

Screenshot_30.png

Price Chart Ethereum on coingecko.com

Looks like any uptick on ETH/USD gets hammers immediately..

On the longer trend, it seems that most values are getting consolidated to Bitcoin and that may not likely reverse for some time.

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Yes, it won't. The ETH/BTC pair is the main driver behind BTC and ETH and it looks like its bearish momentum is gonna continue until it reaches 0.01