Market Cap ETH, $Short
Ethereum Marketcap Looks Ready For A 100 Billion Dollar Decline
Alongside some Bullish outlooks for some of ETH's competing coins like XRP and LTC and TRX I also do believe that the ETH value of these coins will significantly rise in the coming months the cause of this rise in these coin's ETH pairs would imply that either: The USD Value of those coins go up significantly, ETH comes down significantly, or a combination of the 2. I do believe that it's more than likely going to be a conbination of the two but that the biggest factor would be the fact that ETH will come down significantly.
What to look out for here is a Break of the trendline,if it breaks through the trendline it will also be bearishly breaking down from a Bearish Consolidation Structre and will be below the 200 Week Moving Average which would most likely result in atleast an over 100 Billion Dollar decline all the way down to the next major support of 12.90B
I have been tracking multiple macro instances of the chart hinting towards ETH collapse and they can be viewed in the related ideas tab below.
What to look out for here is a Break of the trendline,if it breaks through the trendline it will also be bearishly breaking down from a Bearish Consolidation Structre and will be below the 200 Week Moving Average which would most likely result in atleast an over 100 Billion Dollar decline all the way down to the next major support of 12.90B
I have been tracking multiple macro instances of the chart hinting towards ETH collapse and they can be viewed in the related ideas tab below.
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