Crypto Markets Are on the Sidelines of Optimism
Since the beginning of the week, Ethereum has lost twice as much as Bitcoin – 12% – and is back in the November and December support zone. In May and June last year, there was active resistance from the bears here, which increased the focus on the battle for the current $2700-2900 zone. A victory for the bears at this stage could unlock a shocking scenario of ETHUSD falling to $1000–1100, with a Fibonacci extension of 161.8% from the August peak to the November low.
Crypto News
Recent buyers are using short-term Bitcoin rallies to exit their positions, limiting upside potential. The main pressure comes from participants who bought coins 3–6 months ago for over $110,000, Glassnode…
