Ethereum

Solana

Bitcoin

when

April

The leading cryptocurrency Bitcoin exceeded $ 70,000 last night while counting the days for halving.
While the upward move in BTC continues, the largest altcoin Ethereum price continues to trade below $3,500 and fails to rise despite high expectations for the Dencun upgrade.
As Ethereum continues to show signs of weakness against Bitcoin, the ETH/BTC pair also achieved its lowest weekly close since April 2021.
While the situation in ETH is not positive, legendary analyst Peter Brandt, known for his successful predictions, said that the Ethereum price may be in a bear trap.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bear trap? That is always a possibility when price hits a new 35-month low. <a href="https://t.co/aKQg9k7TcD" rel="noopener noreferrer nofollow">pic.twitter.com/aKQg9k7TcD</a>
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1777164023974506819?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
While a bear trap is considered a reversal indicator of a reversal, it is thought that the probability of Ethereum being in a bear trap is higher than a reversal in price due to the bull market and positive sentiment.
Because the ETH/BTC pair fell to its lowest level in the last 35 months. The unstoppable rise of Solana and the upcoming Bitcoin halving are seen as the reason for the weakness in Ethereum and the decline in ETH/BTC.
At this point, Peter Brandt pointed out that Ethereum is low enough against Bitcoin and stated that a pullback in the ETH price is unlikely and commented, “There are enough BIG whales investing in ETH and it will be difficult for the price to lose too much value.”
&nbsp;
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/successful-analyst-peter-brandt-received-a-critical-warning-for-ethereum-which-he-called-garbage-what-awaits-eth/" rel="noopener noreferrer nofollow">Successful Analyst Peter Brandt Received a Critical Warning for Ethereum, Which He Called Garbage: What Awaits ETH?</a>

Successful Analyst Peter Brandt Received a Critical Warning for Ethereum, Which He Called Garbage: What Awaits ETH?

Bitcoin Sistemi EN

2024年4月8日公開の他の記事

Dogecoin’s Outlook in Upbeat Crypto Market with Bitcoin Over $71000

ENA Holders Sell Early To Join New Ethena Rival Priced $0.04 Listing Soon

Fantom Protocol Founder Considers Memecoins Integration

WHO Unveils Ethical Framework to Govern AI’s Role in Pharmaceutical Development

420-Friendly Solana Meme Coin Slothana Raises $10 Million As ICO Clock Ticks Down

BitBoy Crypto declares Cardano dead; ADA founder responds with class

ニュースレターを購読して暗号資産の最新情報を毎日入手！