Why did ETH stop moving after a skyrocketing⁉Will it fall later⁉ The short order worth 23 billion US dollars is about to be liquidated 23 billion or can make a big profit⁉
A rise of Ethereum yesterday was mainly caused by the market situation, the first factor. The market data showed that Ethereum would rise from 3388, which has been explained to everyone‼ See Figure 1 below.
The second factor was the news released in the early morning yesterday that SEC announced that Ethereum is not a security, which also officially removed all the obstacles for ETF and push the price rose again, making we have 200 points as floating profit for the long order overnight‼
No matter how strong Ethereum is in the future, it depends on the movement of Bitcoin. Bitcoin fell below the key support level of 65,200 and started a pullback. Therefore,ETH is very weak today along with Bitcoin after the sharp rise of Ethereum last night.#BinanceTournament #HODLERS #zkairdrop