✴️ Ethereum Short-Term (Up-Close) vs Altcoins vs Bitcoin

Let's zoom in because this is a decisive moment right now.

Excitement is definitely out there and the market is filled with new people, so things are bound to become awkward.

More than 97% of Bitcoin addresses are now in profit.
Just a small scare and everybody will start selling.

First, why do we trade?
Are we trading?

Ethereum has been growing since June 2022.
~20% growth would put prices around ~4,200 and it would require a huge amount of capital. For a new player, a new entry, the risk is super high. The potential for reward is limited.

A drop can develop into anything it wants because the market has been green for so long.

On the other hand, other Altcoins have been going down for 2-3 years straight, some pairs even for 6 six years. These have massive potential for growth and some are literally growing 50%, 60%, 80%, 100%+ in a single day. 2-3X within weeks.

If I had to make a choice, I would gravitate toward the ones with low risk.

This applies to Bitcoin as well.
In order for Bitcoin to hit say ~76,800 or +20%, it would require a massive amount of capital and it is really heavy on the pair.

Any one of a thousand of the smaller Altcoins can grow 20% even by mistake.

➖ High up/near resistance: We stay out or sell.
➖ Very low, red/near support: These are the ones ready to grow.


Ethereum Short-Term 2H TF

First, the chart:
The highest volume session is red/bearish and is followed by a rounded top.
After a few days we get a very weak higher high and the session again closes red.
These are bearish signals based on the short-term.

The main chart above is set to 1H per session.

The first 4-Mar. session wicked higher but closed lower compared to 29-February.

Thank you for reading.

Namaste.