⛔ Ethereum rose from the price of $3000 on (17 JULY) and entered a significant acceleration and is now at $4800 and close to $5000-$5200.
Okay, let's see what the currencies have done from July 17 until now?
It made a peak on July 20 and fell from it, needing a 30% rise to reach it from the current prices and is currently crawling below it.
This means that the prices of currencies when Ethereum was at $3000 were higher by 30% than their current price, and Ethereum is at $4800.
This means that Ethereum wants to reach a peak and set a good price so that when Bitcoin corrects next month, Ethereum will not be affected and things will be fine, allowing for a normal 20% correction.
But what about the currencies? Did it give itself space and did it react to the rise of Ethereum and break the peak of May? No, rather it rose from $3000 to $4800 while it is down 30%.
This is how currencies are pressured, and the only solution to move them and enter into acceleration is for Bitcoin to stabilize below $100,000 away from its peak.
And note that Ethereum and Bitcoin, we mentioned they would hit these prices from July 25, and we noted that there are call options corresponding to these prices, but naturally, we did not celebrate false celebrations because the currencies are affected, and you as a follower have been hanging on since January.
