Ethereum Faces Downward Pressure from Jump Trading Selloff
According to Michaël van de Poppe, Ethereum is experiencing significant downward momentum due to a selloff by Jump Trading, resulting in a new cycle low for $ETH. Despite this, Ethereum has managed to maintain its position from the previous week. A breakthrough above 0.04650 BTC could signal a major upward movement.
SourceAnalysis
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast