Should Bitcoin consolidate, Ethereum ascending price channel may break
It’s really interesting to know that while Bitcoin has seen a sharp rise in its price, Ethereum has dropped in value.
Although Bitcoin has seen a sharp rise in its value, the other coins or altcoins have been cut in their price significantly and the traders who did not have much BTC in their accounts received some damage.
It must be mentioned that prior to this, Ether Price pattern was rising at a rate even a bit higher than the one for Bitcoin since it is considered as the second top cryptocurrency. However, this is not the story anymore. That is, while Bitcoin is carrying on the bullish trend, Ether is trying hard to flip $400 to support.
A lot of crypto activist and traders have tweeted that the altcoins are done as they observed Ethereum momentum loss and the altcoins’ correction and some are referring to the bearish price action in ETH/BTC pair as an evidence.
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