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taishiro
ETH is starting to show why patience matters in this market.
Over the last 30 days, ETH has dropped roughly 15%, compared with BTC's 8%. That relative weakness tells us something about where selling pressure is concentrated.
There's also little confirmation from institutional demand. US spot BTC and ETH ETFs recorded nearly $800M in combined outflows on October 30, while the derivatives market has already seen significant long liquidations.
#FedHikeOutlookDivided
HamiMoeenX
ETH Reaches the 120-Day MA First, But BTC Could Still Trigger Another Drop!
I was planning to gradually build long positions in $BTC and $ETH when their daily charts reached the 120-day moving average. Interestingly,$ETH has reached this level first, while $BTC is still holding above it. The dilemma is whether to go long on $ETH now. A short-term bounce is possible, but if BTC drops further to test its own 120-day MA, ETH could easily follow. $BTC's next major technical level is around $74,300, where the market could face an important decision. The key is whether pric
Zastrzeżenie: Treść na OKX Orbiter ma charakter wyłącznie informacyjny. Dowiedz się więcej
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