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Ethereum And Bitcoin Struggle With Continued Consolidation

Isaac Goluboff

Summary: Both Ethereum (ETH) and Bitcoin (BTC) have been facing long periods of consolidation and lack direction, as reported by Bitcoinist. While ETH is still trading above its most recent lows, some are concerned that it will soon dip below those lows and test $300 due to investor concerns. BTC is in a similar position.   ...

Both Ethereum (ETH) and Bitcoin (BTC) have been facing long periods of consolidation and lack direction, as reported by Bitcoinist. While ETH is still trading above its most recent lows, some are concerned that it will soon dip below those lows and test $300 due to investor concerns. BTC is in a similar position.

 

Given that ETH and the rest of the crypto market tend to follow BTC’s movements, BTC’s current period of consolidation leaves the crypto market without a clear pattern to mirror.


By Isaac Goluboff

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