Trader Who Accurately Called Epic Bitcoin Crash Issues New Warning for Ethereum Investors - BitcoinEthereumNews.com
Bitcoin EthereumAng Trader na Tumpak na Tinawag na Epic Bitcoin Crash Isyu ay Bagong Babala para sa mga Ethereum Investor06 / 05 / 2022Balita ng Ethereum ng Bitcoin A veteran trader who became a legend in crypto circles after nailing Bitcoins (BTC) collapse in 2018 is sounding the alarm on leading smart contract platform Ethereum (ETH). Peter Brandt nagsasabi his 645,700 Twitter followers that Ethereum is forming a descending triangle, a continuation pattern that suggest further downside risk for ETH. Not ready to dive head first into your crazy NFT [non-fungible token] world, but ETH looks like a good prospect for a measured risk short trade… ETH is a piece of c**p crypto. Transactionally cost-prohibitive and cumbersome. Those who tout new versions are still waiting for a re-build of the Hindenburg. Source: Peter Brandt / Twitter Looking at the traders chart, the bearish pattern might play out if Ethereum takes out support at around $1,750. Brandt is not the only popular analyst whos bearish on Ethereum. Crypto strategist Cantering Clark also tells his 134,600 Twitter followers that ETH looks ripe for a sharp leg down as it now trades way below its diagonal support that has kept the market bullish since March 2021. “If I didn‘t think