Bitcoin continues to struggle at $31000, but Ethereum has closed above the psychological threshold of $2000 for the first time in recent weeks.Ethereum closed above US $2000 and then retreatedAfter closing at an impressive several week high on July 13th and returning above $2000, the Ethereum has been trading back for four consecutive days
Bitcoin continues to struggle at $31000, but Ethereum has closed above the psychological threshold of $2000 for the first time in recent weeks.
Ethereum closed above US $2000 and then retreated
After closing at an impressive several week high on July 13th and returning above $2000, the Ethereum has been trading back for four consecutive days.
Falling continuously for four days
The following holding time chart shows the historical results of Ethereum's current technology settings on the top and the simple "buy and hold" method on the bottom. We will only use different holding times to show the hypothetical results when Ethereum has closed lower and higher than its rising 200 day moving average for four consecutive days.
Although these two methods showed positive average trading results in each exit within the 7-90 day period we tested, our baseline 'buy and hold' was actually better than the current four day decline technical setting. The only exception is' exit within 90 days', where the current setting is slightly higher than the historical average 'buy and hold' transaction, exceeding it by 62.1% to 59.4%.
Although average trade statistics are still important, they may not always explain the entire situation. When comparing the maximum hypothetical losses of the two methods using the same conditions described earlier, please note that the current four day down setting for maximum losses is much lower than the simple 'buy and hold' method. This maximum loss comparison shows that although the current setting may not beat "buy and hold" in terms of average trading, Ethereum's current risk exposure may be lower than usual - which is appreciated by most experienced traders.
Although the past cannot predict the future, according to our analysis, Ethereum looks likely to achieve potential growth, mainly in line with the typical "buy and hold" expectation. In other words, the current situation is not very exciting and clearly lacks any meaningful advantages. That is to say, compared to the "buy and hold" maximum loss statistics, the risk seems to be lower than usual. Ethereum may now provide a typical rate of return based on its current technical settings, but the overall risk exposure is low.
(Personal opinion,Does not constitute investment advice)
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