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Heatrading
Nov 3, 2021 10:46 AM

ETH new ATH and now ?  

Ethereum / US DollarBinance

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ETH as officially recorded a new ATH, such as BTC a couple of weeks ago.

However, i would see this move as a trap to gather panic buyers which will then panic sell if ETH drop 5%.

In my opinion the MACD need to cool off before the real move can happen and i wouldn't enter a long at this price. We could see some kind of a flag forming and boring prices actions for the next weeks.

Of course, this is crypto and prices can always pop strongly but in my eyes it would be a gamble and i don't see it happening right now.

Stay cautious there and look around on another markets with better setup if you want to buy.
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