Good morning guys.
Ethereum for now looks much weaker than Bitcoin and also e.g. Gold.
The bullish falling wedge is still in place and ETH did not manage to overcome the resistance cluster situated at exactly where it stopped growing around $148.
The Quarterly Pivot and the upper trend line of the wedge are holding right now. Generally it has to be mentioned that Altcoins did not really follow Bitcoin´s and the overall green market with the same motivation.
This could have to do with the political situation, but also with the fact that traders are simply paying much more attention to what´s happening generally.
Currently Ethereum is maximum a hold if already spot bought mid-term, or needs to be looked at for possible incoming bearish signs.
Ethereum is not a buy at the current stage.
As usual everything you need to know is marked.
Neru
Ethereum for now looks much weaker than Bitcoin and also e.g. Gold.
The bullish falling wedge is still in place and ETH did not manage to overcome the resistance cluster situated at exactly where it stopped growing around $148.
The Quarterly Pivot and the upper trend line of the wedge are holding right now. Generally it has to be mentioned that Altcoins did not really follow Bitcoin´s and the overall green market with the same motivation.
This could have to do with the political situation, but also with the fact that traders are simply paying much more attention to what´s happening generally.
Currently Ethereum is maximum a hold if already spot bought mid-term, or needs to be looked at for possible incoming bearish signs.
Ethereum is not a buy at the current stage.
As usual everything you need to know is marked.
Neru