Ethereum Classic [ETC] rises upward, but could it be a bull trap - BitcoinEthereumNews.com
EthereumAng Ethereum Classic [ETC] ay tumataas, ngunit maaaring ito ay isang bull trap05 / 24 / 2022Balita ng Ethereum ng Bitcoin Disclaimer: Ang mga natuklasan ng sumusunod na pagtatasa ay ang nag-iisang opinyon ng manunulat at hindi dapat isaalang-alang na payo sa pamumuhunan On 12 Mayo, Bitcoin sunk to $26.7k, and Ethereum Classic touched the $16 mark at its lows. Since then, the price has bounced quite a bit. Yet, with Bitcoin stuck within a range of $30.7k and $28.7k, the altcoin market has not initiated a recovery. The fear in the market remained strong, and rallies are for selling. This likely holds true for Ethereum Classic too, and the $24 level saw the price pullback to $22. Could the bears impose their will on the market once more? ETC- 1 Oras na Tsart Pinagmulan: ETC / USDT sa TradingView For the move up from $19.41 to $24.23, a set of Fibonacci retracement levels was drawn (yellow). On the lower timeframes, the price has formed a series of lower highs and lower lows in the past four days. The push past $21.8 the previous day by the bulls was on high trading volume, although the pullback also saw heavy volume. However, it appeared to suggest that