Share a little about the coin after this round. You often read my articles and see me repeatedly mention that ETH will drop to 2800. The reason can be seen in the image below.
- In the early stages of the BTC drop, ETH held the 3K area very strongly. However, since it couldn't maintain the 3K level, the downward movements of ETH will definitely be stronger than the upward ones.
- This market tends to run in a way where 2 movements of BTC = 1 movement of ETH. If you pay a little attention, when BTC spikes 2 movements, ETH will hold 1 movement, drop 1 movement, but the downward movements of ETH will be quite intense.
- Currently, BTC has filled the CME GAP at 92K, but the CME GAP of ETH at 2.8K has not been filled yet. This leads to a divergence even when BTC shows signs of a good recovery.
In summary, looking at the overall situation, since ETH held its price well before the downward movements of BTC, the issue arises now as BTC has reached good support levels while ETH is being pulled down strongly by the gaps below. If I were in this stage, I would focus more on BTC because ETH is very erratic right now.
P/s: this is a personal opinion, not investment advice.
