On the other hand, we can see that after Binance and CZ accepted the charges, BTC quickly recovered its previous decline and hit 38000 again. The market believes that this behavior is to help eliminate potential risks for BTC ETF. Compared with BTC, ETH has been more volatile last week. After ETH rose rapidly and broke through the given resistance level, the correction was also very obvious, and it has already reached EMA20. ETH is bullish at large levels. We continue to maintain the original resistance level of 2120 and support level of 1880. From the WTA indicator, although there are not many blue columns representing whales on ETH, we can still see that after the long green candle appears, the blue columns participated in the transaction during the callback process ( (shown in the red range), but when ETH rose again last week, it was more driven by retail traders. So when price fall, the slope is steep. This also shows that the price above the 2000 is not attractive to whales. ETH behaves more like a follower. The long green candle did not bring a continuous rise and the pullback suddenly started. Under the current circumstances, ETH is likely to fall. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Nov.22-Nov.28(ETH)Weekly Market Recap For COINBASE:ETHUSD By Sypool – WorldNewsEra
