Ethereum Could Fall Quickly, Says Crypto Strategist
Ethereum’s existing market structure, according to a cryptocurrency expert, puts it at risk of a sharp decline. The triple higher low structure of Ethereum, in the opinion of the expert, would make it more susceptible to being probed or poked in the event of a market decline. At $1,673, Ethereum is still trading below the monthly resistance zone created by Cred.
Analysis by experts on why Bitcoin’s rally has stalled
The same analyst explains why they think Bitcoin’s climb has stalled in a different study. The analyst reveals that the price of the king of cryptocurrencies surged sharply from $18,000 to $21,000, followed by a brief period of consolidation and another sharp surge. But at its current trading level of $23,304, Bitcoin has merely gone through consolidation and a failed breakout attempt. The analyst explains this by pointing out that the market is now in a condition of uncertainty and that Bitcoin has just recently recaptured the crucial $18,000 level.
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