Ethereum - What is Ether up to these days?

30 sept 2019

Ethereum finds itself at the beginning of a death cross, what this means is that if BTC decides to keep going down further (which it will) Ethereum will go down harder and stay under the 50MA for most of the times with maybe a spike above it once in a while. I guess that most high performing alts will try to stage a double bottom which will put Ethereum around the $80 - $100 range. But let's look at something interesting below.

In the chart below -- which is the total market cap of crypto -- you can see that money has been flowing in during the weekend (14 billion dollars) so far. A good portion has gone to Ethereum, which means that someone is finding it very valuable.


In the chart below you can see that BTC has lost dominance which reinforces that the money that came into this asset class did not go to BTC directly.


It is little hints like the ones I give you here that will keep you safe and ahead of the curve.

NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white

THE TREND: Safe to buy a little of ETH and more on the dips
THE OUTLOOK: ETH will go up fast once the bottom is in

Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident xena.exchange