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ETH/USD Forecast: Can ETH Break $4,000?
So, the question is, now can we break out? I think the answer is simple. I think it's a two-part answer. Number one, yes, momentum is still with Ethereum, but the other part of the answer is probably in the form of a question. What exactly is Bitcoin going to do? If it breaks out to the upside, it will drag Ethereum with it. That's been the correlation for ages, and I don’t see that changing anytime soon, as the markets are creatures of habit. Furthermore, you have to keep in mind that Ethereum has been very bullish for some time anyway, so that might just be the excuse to go higher. I recognize that Ethereum is ... (full story)
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- Posted: Dec 13, 2024 9:35am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 140
