Ethereum Rally into Constantinople Fork / Alt-Season (Risk on)
Ethereum is sitting on strong historical support vs. BTC and is exhibiting bullish divergences in both momentum and volume.
With the upcoming Constantinople hard fork, which is reducing the block reward from 3 to 2 Eth, Eth may rally into the event after months of downtrend vs. BTC.
As is indicated via the chart, Ethereum rallies vs BTC (eth outperforming btc) have led to a risk on approach to higher risk crypto assets known as altcoins. Many refer to this event as "Alt Season".
If Ethereum can manage to rally vs. btc, other higher risk assets may see explosive rallies, as sellers have become extremely exhausted and sell side liquidity is almost non existent.
With the upcoming Constantinople hard fork, which is reducing the block reward from 3 to 2 Eth, Eth may rally into the event after months of downtrend vs. BTC.
As is indicated via the chart, Ethereum rallies vs BTC (eth outperforming btc) have led to a risk on approach to higher risk crypto assets known as altcoins. Many refer to this event as "Alt Season".
If Ethereum can manage to rally vs. btc, other higher risk assets may see explosive rallies, as sellers have become extremely exhausted and sell side liquidity is almost non existent.
Operación activa
So far so good... probably best to take a little off here to reduce risk.
Operación activa
Eth likely to retest .03 level. Definitely a lack of momentum following xmas, but Constantinople fork still a strong news event / should push eth through.
Operación activa
Good time to start entering
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.