{"id":426212,"date":"2020-06-04T15:30:50","date_gmt":"2020-06-04T15:30:50","guid":{"rendered":"https:\/\/wncen.com\/?p=426212"},"modified":"2024-06-11T08:14:11","modified_gmt":"2024-06-11T08:14:11","slug":"dead-accurate-sell-signal-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dead-accurate-sell-signal-ethereum\/","title":{"rendered":"Dead Accurate Sell Signal Sets Up Ethereum For Epic Drop Against Bitcoin"},"content":{"rendered":"
Upon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum<\/a> continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day.<\/p>\n Yet a dead accurate sell signal has just triggered on both ETHUSD and ETHBTC price charts that suggest the largest altcoin in the space is soon going to see a strong correction.<\/p>\n Ethereum<\/a> continues to struggle with resistance at $250, much like Bitcoin fails to hold above $10,000 per BTC.<\/p>\n Ethereum, however, remains down 82% from the asset’s former all-time high set, while Bitcoin sits pretty at nearly a full 50% recovery. The asset set the record just as the crypto bubble began to burst<\/a> in January 2018.<\/p>\n Related Reading | Crypto Confusion: Long-Legged Doji Across Altcoin Market Hints At Trend Change\u00a0<\/a><\/strong><\/em><\/p>\n The price per ETH token then collapsed to as low as $80. Current prices represent an over 200% return, but another 475% would be needed to get back to the record of over $1,400.<\/p>\n The upcoming ETH 2.0 launch, a massive surge in the growth of decentralized finance, and general bullish sentiment surrounding the altcoin caused a powerful, nine-week-long rally<\/a> to kick start the new year, but Black Thursday sent ETH prices tumbling back toward lows.<\/p>\n Ethereum<\/a> also fell over 85% on the ETHBTC trading pair from the January 2018 peak. Since that bottom on the crypto to crypto trading pair, the second-ranked crypto asset has grown by over 54%.<\/p>\n That meager recovery is now in jeopardy, as the TD Sequential indicator has issued a 9 sell setup on the ETHBTC trading pair.<\/p>\n <\/p>\n The recent Bitcoin crash saw capital flow into altcoins, but this dead accurate signal may be an omen that things could soon get worse.<\/p>\n Related Reading | Analyst: Crypto May See an Extended Bear Market Until September 2020\u00a0<\/a><\/strong><\/em><\/p>\nEthereum Remains 82% Down From ATH, While Bitcoin Trades Halfway To Record<\/h2>\n
TD 9 Triggers Sell on ETHBTC, Coinciding With High Timeframe Signals<\/h2>\n