Notification
Ethereum has run out completely.
Because Bitcoin is very close to the previous high.
On the daily level, Bitcoin has been above 108500 for two consecutive days. Every time Bitcoin breaks the previous high, it is accompanied by a blood-sucking effect.
Ethereum has been very strong these past two days. The exchange rate of Ethereum against Bitcoin has also temporarily broken through the weekly MA20 resistance.
Currently, in the early session, Ethereum tested the weekly MA60 and then pulled back.
U.S. stocks are fluctuating upwards at a high level. Now at 19700. It is expected that the Nasdaq will test the 20000 point mark.
Summary. Overall, the outlook remains bullish. If Bitcoin is preparing to break the previous high, it should suck blood from Ethereum. Therefore, chasing Ethereum now carries a higher risk. It is recommended to control risks.
Shenzhen Chen Village Committee Party Branch #看懂K线 #以太坊生态回暖 $BTC