#ETH🔥🔥🔥🔥
Ether is still as stable as ever, and has never disappointed anyone!
It’s not that ether itself is weak, but that at this time point, there is too much negative news, and the market is in a season of speculation.
After six consecutive days of unilateral gains, Ether is currently retreating slightly. Its fully diluted valuation is about $377 billion, down more than 6% since Tuesday.
However, the fear of mass capitulation in cryptocurrencies has declined significantly since the market entered its price discovery phase. Ethereum’s Fear and Greed Index has now surged to 78%, representing extreme greed in the market.
Looking at indicators, Ether price recently managed to bounce off the 200-week moving average (MA), confirming the resurgence of bullish sentiment. Since the market crashed on August 5, Ether only began to break through the 2800 resistance last week, reaching a maximum of 3449.
Over the past two years, altcoins have been moving closer to the pie. A bullish reversal pattern has formed with support around 0.034 on the daily time frame for the ETH/BTC pair, along with rising relative strength index (RSI) divergence.
Therefore, the current trend of ether is completely normal!
Altcoin investors should not buy meme coins out of fear of missing out, as the real altcoin season has not yet begun. Furthermore, Big Pie’s dominance in the altcoin market has been growing over the past two years, and so has Ethereum.
If there is a correction, David will get on the bus. It is not pure faith...
If you want to seize this bull market, it is definitely too late to learn and sell now. It is best to have someone who can help you get started quickly.
I'm David, welcome to communicate!