Ethereum keep drifting lower, making new lows on a daily basis. Currently sitting at 0.018, there is no sign of any reversal coming soon.
Stochastic oscillator is now diving along with Ethereum prices.
Bitcoin dominance keeps increasing, now at 68.8% vs 68% yesterday. As the total market capitalization is on the rise, this implies a wealth transfer from ethereum toward bitcoin.
Sellers completely remain in control and we expect any buyers' attempts to prop prices up to be short-lived and therefore the sell-off to continue.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/transparency....................................... .
Stochastic oscillator is now diving along with Ethereum prices.
Bitcoin dominance keeps increasing, now at 68.8% vs 68% yesterday. As the total market capitalization is on the rise, this implies a wealth transfer from ethereum toward bitcoin.
Sellers completely remain in control and we expect any buyers' attempts to prop prices up to be short-lived and therefore the sell-off to continue.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com/pages/transparency....................................... .
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.