Best Crypto to Buy Now as Analyst Cautions Against Greed Amid Ethereum Pullback
The post Best Crypto to Buy Now as Analyst Cautions Against Greed Amid Ethereum Pullback appeared on BitcoinEthereumNews.com. The Ethereum price has gone through a major pullback recently, dropping close to 4% in the last 24 hours. While the community is not panicking, there are those who are thinking of it as an opportunity to become greedy. To them, crypto analyst TANG on X has warned against getting too greedy. “We’ve got bear divs into resistance on both USD and BTC pairs, but momentum’s as strong as it’s ever been.” The analyst said that in the worst-case scenario, ETH will likely only correct to $3,500 before bouncing and attempting to retest the $4K level. Given that the community expects Ethereum to reach greater heights, is it the best crypto to buy now? Ethereum Price Analysis – Down But Not Out Ethereum’s hourly chart shows that the world’s best altcoin has been going down in value since the opening hours of July 31st. The stream of consistent reds has led buyers to wait for new lows to emerge soon. However, as we zoom out of the chart and look at the daily trends, the recent long correction seems like another one-off price drop. The trends are still following a rising channel, and as TANG suggested, the momentum is still strong. The clear reason for the recent drop is Bitcoin’s correction. The apex crypto is now trading below $115K, having lost more than 3% of its value in the last 24 hours. Why has this happened? The reasons are uncertain. This is confusing because the SEC has just approved an in-kind creation for Bitcoin ETFs and the US Treasury has officially recognized Bitcoin as a “store of value.” Since price swings are common right now, investors should focus on crypto ICOs with better upsides. Best Crypto to Buy Now – Top 5 List Bitcoin Hyper Since both Ethereum and Bitcoin…
The post Best Crypto to Buy Now as Analyst Cautions Against Greed Amid Ethereum Pullback appeared on BitcoinEthereumNews.com.
The Ethereum price has gone through a major pullback recently, dropping close to 4% in the last 24 hours. While the community is not panicking, there are those who are thinking of it as an opportunity to become greedy. To them, crypto analyst TANG on X has warned against getting too greedy. “We’ve got bear divs into resistance on both USD and BTC pairs, but momentum’s as strong as it’s ever been.” The analyst said that in the worst-case scenario, ETH will likely only correct to $3,500 before bouncing and attempting to retest the $4K level. Given that the community expects Ethereum to reach greater heights, is it the best crypto to buy now? Ethereum Price Analysis – Down But Not Out Ethereum’s hourly chart shows that the world’s best altcoin has been going down in value since the opening hours of July 31st. The stream of consistent reds has led buyers to wait for new lows to emerge soon. However, as we zoom out of the chart and look at the daily trends, the recent long correction seems like another one-off price drop. The trends are still following a rising channel, and as TANG suggested, the momentum is still strong. The clear reason for the recent drop is Bitcoin’s correction. The apex crypto is now trading below $115K, having lost more than 3% of its value in the last 24 hours. Why has this happened? The reasons are uncertain. This is confusing because the SEC has just approved an in-kind creation for Bitcoin ETFs and the US Treasury has officially recognized Bitcoin as a “store of value.” Since price swings are common right now, investors should focus on crypto ICOs with better upsides. Best Crypto to Buy Now – Top 5 List Bitcoin Hyper Since both Ethereum and Bitcoin…
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