Ethereum Classic [ETC] rises upward, but could it be a bull trap - BitcoinEthereumNews.com
Ethereumएथेरियम क्लासिक [ईटीसी] ऊपर की ओर बढ़ता है, लेकिन क्या यह एक बुल ट्रैप हो सकता है05 / 24 / 2022बिटकॉइन एथेरियम समाचार अस्वीकरण: निम्नलिखित विश्लेषण के निष्कर्ष लेखक की एकमात्र राय हैं और इसे निवेश सलाह नहीं माना जाना चाहिए 12 मई को, Bitcoin sunk to $26.7k, and ईथरम क्लासिक 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? 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 the buyers had some power in the market. Now the question is-