economistLisbon

Ethereum up from 0.786 correction

BITFINEX:ETHUSD   Ethereum / U.S. Dollar

So from the ATM at ETHUSD , we got a Fibonacci 0.786 correction.

Nevertheless, we need to be careful about the down trend line .

Ethereum had a bigger correction than the market average and is not recovering so fast.

We need to have in consideration the long term trend on Ethereum before jumping in.

I will opt for ADAUSD at this moment.
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