Not sure why the market liked news of a new CEO. I guess the outlook was so bleak any change was welcome. Great chance to short this dying giant. Even if the rally attempts to exten a bit should quickly return to trend.
rn it is a wait and see on ETH... After the false breakout brought on by the most recent btc rally I think it is wise to watch and see if ETH can consolidate within this range for a cpl weeks+. If eth breaks down below this range it is super bearish. But I wouldn't buy a breakout either until eth can hold this range for a good while.
focus has been on stimulus and the reignited bull run brought on by cheap money... Complacency is the main force driving higher equity prices...There is a big elephant in the room though... Actual earnings. I think we are about to see some dismal earnings and it will catch the market off guard. GLHF