LARP_Capital
Long

Ethereum Rally into Constantinople Fork / Alt-Season (Risk on)

POLONIEX:ETHBTC   Ethereum / Bitcoin
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.
Trade active:
So far so good... probably best to take a little off here to reduce risk.
Trade active:
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.
Trade active:
Good time to start entering

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