Ethereum is looking like it's the worst performing of the "Big 3" (BTC, ETH, LTC) right now. Yesterday, we almost saw a touch of the low low from the previous bounce. Compared to BTC and LTC which are still significantly above the low of the bounce, this is a sign that leads me to this conclusion. ETH rallied hard way after we saw the peak of BTC back in December.
I do still feel like we can eventually find support and we'll see a rally to the $1k region again. This idea doesn't seem that difficult or unreasonable.
For now, support is still low of the bounce at $555. Near resistance is $675.
How about the us dollar and euro?
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Not a FOREX trader...not sure. USD is typically the strongest though.
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If you observe, the market cap has not reduce that greatly for Ethereum. It is pretty much high. Bitcoin lost around 100M on the market cap.
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How can you say that? Both have lost same percentages....meaning same loss in market cap. Only thing ETH has going for it in that aspect is a faster rate of production which would add to it -- but then also increases supply which then reduces price.
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