It's been a while since I posted a chart about Ethereum.
I know everything is either collapsing or going through huge correction, But they won't all act in the same way.
Compare this chart to Bitcoin, you'll see it too.
Bitcoin made a huge noise, it broke out unstoppable and right now this Head & Shoulders are causing a huge collapse.
But ETH didn't follow BTC in the ATH run. You guys remember that?
It took longer to beat its own personal best and consolidated way more. And now it's not a low as Bitcoin is.
Bitcoin is sitting on its last possible support right now forming a bearish formation. But ETH is still far from its first support.
Now I'm not bullish on ETH, I know it's possible for more corrections and as you can see MACD defends my idea, But if Bitcoin crashes down to channels such as 19K or lower, it won't happen to ETH, since it way stronger. Maybe even the staking programs on ETH2 surprise us when its time to fall!
Overall: ETH is stronger than BTC. They are both going down but they have different destinations!
Let's see what happens...
What do you think?
I know everything is either collapsing or going through huge correction, But they won't all act in the same way.
Compare this chart to Bitcoin, you'll see it too.
Bitcoin made a huge noise, it broke out unstoppable and right now this Head & Shoulders are causing a huge collapse.
But ETH didn't follow BTC in the ATH run. You guys remember that?
It took longer to beat its own personal best and consolidated way more. And now it's not a low as Bitcoin is.
Bitcoin is sitting on its last possible support right now forming a bearish formation. But ETH is still far from its first support.
Now I'm not bullish on ETH, I know it's possible for more corrections and as you can see MACD defends my idea, But if Bitcoin crashes down to channels such as 19K or lower, it won't happen to ETH, since it way stronger. Maybe even the staking programs on ETH2 surprise us when its time to fall!
Overall: ETH is stronger than BTC. They are both going down but they have different destinations!
Let's see what happens...
What do you think?
