-Although we have broken daily downtrend, market sentiment is still overall bearish
-Fear & Greed Index sitting around 30 (fear)
-Fractal taken from approx 27/12/21 - 28/05/22
-Price difference between high ($3595~) and low ($2142~) on fractal is $1435
-Current area of interest approx 13/06/22 - 20/07/22 (today's date)
-Price difference between high ($1633~) and...
If you take a close look at ethereum you can see many correlations to bitcoins price and volume action. Based on historical data, Ethereum is on the path to surpassing all time highs by the beginning of the new year
It could be that ETH is now in the middle of the same fractal, because i see one that is not finished as well. Im gonna trade this one as a bottom, with tight stop loss, because stop hunt is maybe finished for this move. Daily divs forming as well.
