Eating coarse food and speculating on Ether.
Eating coarse food and speculating on Ether.
Market Analysis:
From a cyclical analysis perspective, first, this wave is extremely similar to the period from November 2019 to March 2020. It has lasted for five and a half years, which is why I previously mentioned that this season represents a long cycle (far exceeding the previous cycles of four years per season). The US dollar index has broken 100, so it is almost at the bottom.
Secondly, the probability of the Federal Reserve cutting interest rates in May is low. Even if a 25 basis point cut occurs, the panic sentiment from the May Day incident will still exist, just depending on the magnitude. Therefore, there will be wide fluctuations.
Thirdly, crucial!!! Recent ether turnover rate is higher than any other cryptocurrency, exceeding any time period. How it should move after the turnover doesn’t need further explanation. Furthermore, this season, Ripple and Ether may compete for the second position, but as the only cryptocurrency that has historically outperformed Bitcoin, Ether will not decline too quickly even without any innovations.
