Recently, the market sentiment towards Ethereum has been significantly bearish, and many investors have found it difficult to hold on to ETH due to uncertainty.
Some people think that Bitcoin (BTC) is more stable and reliable, and has stronger resistance to declines, so they want to exchange ETH for BTC; others think that Solana (SOL) is more explosive and has a stronger rise, so they consider exchanging ETH for SOL.
At some point in time, both ideas may have their rationality. However, in the current market environment, both views may be worth reconsidering.
A careful analysis shows that:
ETH/BTC trading pair: After the panic sell-off on August 5, it has recently been tested again and has entered the bottom area. After a period of bottom shock, it is expected to usher in a strong rise.
SOL/ETH trading pair: Despite setting a record high yesterday, its RSI indicator has once again shown a top divergence. Since the beginning of this year, SOL/ETH has shown signs of top divergence many times, and the possibility and space of future declines are significantly greater than the possibility of increases.
ETH is more likely to achieve a larger increase than BTC and SOL. It may be a wiser choice to keep faith in ETH and continue to hold it at this time. #Ripple于诉讼中取得部分胜利 #加密市场反弹 #美联储何时降息? #BTC走势分析 #ETH🔥🔥🔥🔥