ETH did not respond to BTC mini-correction ($700 down or so) as of this writing. ETH appears to be in a descending wedge and could have a technical breakout upward but too early to tell as MACD and RSI neutral now.
If a larger correction by BTC within next 10 days (sooner) will ETH and alts follow? Hasn't affected ETH today so far.
If a larger correction by BTC within next 10 days (sooner) will ETH and alts follow? Hasn't affected ETH today so far.
Commentaire:
ETH broke out a bit, hitting $320. With the fork for BTC being cancelled and the potential correction for BTC, BCH may possibly follow. The question is will ETH follow downward too or because of the Parity Wallet issue with all the ETH locked inside making less ETH available on the market this could go up. The crypto MM's need a winner as others drop in a correction and as $$$ flows into other altcoins... it could be ETH.
Simply a theory and each must do his/her own due diligence.
ETH broke out a bit, hitting $320. With the fork for BTC being cancelled and the potential correction for BTC, BCH may possibly follow. The question is will ETH follow downward too or because of the Parity Wallet issue with all the ETH locked inside making less ETH available on the market this could go up. The crypto MM's need a winner as others drop in a correction and as $$$ flows into other altcoins... it could be ETH.
Simply a theory and each must do his/her own due diligence.
The upper 280's can be a good time to accumulate more ETH for a trade upward but to each his/her own. If BTC has a big correction ETH can follow and more can be accumulated.