ETH will fall by a larger percentage than BTC because many people bought ETH only because it was falling slower than BTC (or at times even rising while BTC was falling). Rats fleeing a sinking ship aren't reliable support; they will be the first ones to dump during a crash. This was confirmed by
ETHBTC
falling rapidly after BTC broke below 9k.
Given BTC continues falling and breaks below the vital 8k support, we have our eyes on the $700 and $500 areas. Our two targets are chosen because they coincide with major Fib support levels, are major areas of support where price consolidation occurred, and because of their psychological significance.
ETHBTC
falling rapidly after BTC broke below 9k. Given BTC continues falling and breaks below the vital 8k support, we have our eyes on the $700 and $500 areas. Our two targets are chosen because they coincide with major Fib support levels, are major areas of support where price consolidation occurred, and because of their psychological significance.