ethstrength

$ETH The market is stormy today. 🌀🌩️
Casting lines in murky waters is a futile effort. I pulled my catch last night, and now I'm just checking my gear and waiting for calm. A trader knows: haste makes waste. 🎣

What I've noticed today:
Anomaly in ETH/BTC - Ether is holding up better than Bitcoin. 💪 Don't look at the dollar, but rather at the strength of the assets against each other.📣❗

In the order book, there's currently a wall at 404.4987 ETH. This means someone has put a massive volume of Ether up for sale. For the ETH price to go higher, buyers need to scoop up all 404 of those Ethers.

This doesn't provide support for Bitcoin from dropping but rather restrains Ether's growth relative to Bitcoin. Psychologically, this puts pressure on the market. It's done to scare off small players and force them to sell cheaper.

📣As soon as the support disappears — Ether will have a clear sky for the next rallies.⚡

Strength is in waiting. While everyone is trying to save their positions, we watch the dust settle.

Conclusion:
Ether currently looks much more promising.
#ETHBTC #ETHStrength
$BTC

$ETH

on the ETH/BTC chart 👇