#Ethereum Analysis:

- Concerning outlook, signaling a potential red flag for short-term altcoin performance.

- Monitor the last 50-day sentiment using the 50-day Moving Average (MA) on the daily chart.

- Despite caution, currently trading above the MA, leaving room for reentry if it holds as a deviation.

- Alts have experienced a significant rally in recent months, prompting a suggestion to take some profits off the table.

- Consider holding profits in BTC and USDT for a more stable position.

- DYOR (Do Your Own Research): This is not financial advice.


#ETH2024 #Etherium