Ethereum (ETH) Is Aldo Due For A Bounce... Lacking Strength

30 giu 2021

We look at Ethereum (ETH) and Bitcoin (BTC) as sisters/brothers... Better yet, siblings, they tend to follow each other like twins.

Ethereum (ETHUSD) is also due for a bounce just like Bitcoin but I am seeing a lack of strength (low volume), but keep in mind that things can always change, FAST!

With Bitcoin, we saw strong buying when we had the long-wick down as prices drop... Maybe we will have a final "shake out" and then we will see prices move up.

After the bounce, we get long-term consolidation, followed by capitulation and then we can have additional growth.

It is a long process...
Put your focus on the altcoins right now for better results.

What's your take?
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Namaste.