Analyst on Why Ethereum’s Bullish Market Structure Is Intact After Strong Drop

Analyst on Why Ethereum’s Bullish Market Structure Is Intact After Strong Drop

Like most other crypto assets, Ethereum has slipped lower over the past four days. After peaking on Monday, all cryptocurrencies have retraced as Bitcoin has fallen lower seemingly due to a rise in the value of the U.S. dollar against foreign currencies.

Ethereum has actually underperforming Bitcoinin this retracement, dropping around 11.5% from its year-to-date highs as opposed to just 7%. This…

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