The current trend is as expected. As mentioned earlier, judging from the BTC/ETH exchange rate, it is currently rebounding and rising as scheduled. ETH has also recently gone out of a relatively strong compensatory growth trend, which is a relay trend of rising. It is currently suppressed below the weekly KMA (99) of 1915 US dollars. , the overall need is to shock and digest the changing hands of chips at the pressure level. There is still room for upside, and the strength of Ethereum will gradually drive the rotation of copycat speculation.
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$ETH
As Bitcoin surged, ETH also emerged from a relatively weak trend for two weeks. Judging from the exchange rate of Bitcoin and Ethereum, it has reached a low point around June 2022. There is room for a rebound in the overall market outlook. The overall price is currently hitting the weekly kEMA (99) price of 1805.23 US dollars, and the weekly K closing price did not stand above it. It will take time for the market to continue to rise subjectively after the shock is sorted out, which is a relay market that rebounds and pushes up.
As Bitcoin surged, ETH also emerged from a relatively weak trend for two weeks. Judging from the exchange rate of Bitcoin and Ethereum, it has reached a low point around June 2022. There is room for a rebound in the overall market outlook. The overall price is currently hitting the weekly kEMA (99) price of 1805.23 US dollars, and the weekly K closing price did not stand above it. It will take time for the market to continue to rise subjectively after the shock is sorted out, which is a relay market that rebounds and pushes up.
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