Crypto-Hamster

ETHBTC: bearish (only short-term)

Short
BINANCE:ETHBTC   Ethereum / Bitcoin
I am not a big fan of Ethereum, but I hope that my evaluation is not biased. It just doesn't look good. A simple play between the trading channels with a high chance to return to a lowest one and even a breakout to a lower low (like 150$ or even 100$, depending on bitcoin performance, if we switch to a dollar-wise chart). The only positive thing a huge volume, making me think that it is a short-term trend, and ETH may be one of the first gainers during the next bull-run.

Not a financial advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.