Ethereum may rebound relative to Bitcoin in the near future, although the timing of Ethereum's outstanding performance is not yet clear, there are signs that Ethereum is about to recover. Now is the time for enthusiasts to start paying attention
Ethereum may rebound relative to Bitcoin in the near future, although the timing of Ethereum's outstanding performance is not yet clear, there are signs that Ethereum is about to recover. Now is the time for enthusiasts to start paying attention.
Sherpa pointed out that before reversing the downward trend, Ethereum may still fall to the level of 0.05BTC. However, he sees the current price as an accumulation area and suggests "expanding" the position of counterfeit currency.
This viewpoint stands in stark contrast to the dominant position of Bitcoin in 2023. Due to the significantly lower performance of counterfeit coins compared to Bitcoin this year, reverse traders like Sherpa believe that a mean reversion may occur.
Other market analysts have proposed different perspectives on the bottom of Ethereum prices. But momentum and emotional indicators may support a reversal of trend.
Of course, as we all know, the encryption market is difficult to predict. Ethereum may further yield before regaining its footing.
Nevertheless, it has sparked discussions about the possibility of the recovery of counterfeit currency. Although the risk remains high, the improvement of the broader macro environment may drive the stock market up.
At present, the Ethereum community can only wait and observe whether Sherpa's rebound argument has become a reality. But his stance suggests that some professional traders have become increasingly optimistic after months of painful losses.
(Personal opinions do not constitute suggestions)
In the encryption industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle so that everyone can warm up and maintain insight. If you are alone, looking around in a daze, and realizing that there is no one, it is actually difficult to persist in this industry.
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