. It’s also worth noting that the indicator is flat, and therefore we might continue to chop around.
At this point, it’s very likely that the Ethereum market is going to fall right along with the rest of the risk appetite assets, as there are a lot of concerns when it comes to the global economy, and of course, a lot of institutional money is currently in the Ethereum market, so if they decide to leave, it causes a bit of a vacuum.If we break down below the $1500 level sustainably, then it’s likely that we go down to the $1200 level.
In fact, it’s a bit ironic to consider that Ethereum dropped 9% on the same day it happened. If nothing else, that tells you how this market is playing out.Top Forex Brokers
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