Ethereum.
The analysis is based on technicals only. While fundamentals are not directing towards a stronger crypto market either, it seems valid to assume that there can be more bearish scenario in the coming days/weeks.
Some people are still not ready to see any more bearish movements on the cryptos but that doesn't change the fact that the market is still moving in a corrective manner.
Not every dip is a buy.
While there can be gains on short term moves (bullish or bearish), the long term aspect is still not clear. Most of them the time a sideway movement after an impulsive move reflects a continuation of the trend. A clearer picture can be seen in the next 1-2 weeks, based on which future investments can be decided.
The analysis is based on technicals only. While fundamentals are not directing towards a stronger crypto market either, it seems valid to assume that there can be more bearish scenario in the coming days/weeks.
Some people are still not ready to see any more bearish movements on the cryptos but that doesn't change the fact that the market is still moving in a corrective manner.
Not every dip is a buy.
While there can be gains on short term moves (bullish or bearish), the long term aspect is still not clear. Most of them the time a sideway movement after an impulsive move reflects a continuation of the trend. A clearer picture can be seen in the next 1-2 weeks, based on which future investments can be decided.
