Ethereum hits 8-month highs in BTC as money heads for 'riskier' altcoins

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Is this a bear market rally or a start of a bull market? Ethereum continues its upward trend and reaches 8-month highs.

"Once untapped highs start getting tapped , the rest of the highs typically meet the same fate. Don't have my eyes on an exact level or setup for long opportunity just yet, but will update if I see one."continued"HTF trend neutral bearish: It is not a bull market, just less of a bear market. Under water bag holders blessed with an opportunity to derisk at $2k resistance."

Of particular interest, staff wrote, was open interest on derivatives markets, with ETH eclipsing BTC activity by almost double. "Concerns around a hard fork remain with September ETH futures trading below -8% vs. spot. We have been taking some profit on our long spot vs. short futures spread position."

 

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CryptKeeperBTC

The majority is still shouting bear, but the case is that the herd is usually wrong so we should be witnessing a new BULL! I am positioned in just Peercoin $PPC atm and with a 11m cap there is high certainty we could see 2x in short term😎

you tell me

🚀 Thankss a millon

Bear

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The merger will greatly increase the attractiveness of ETH assets. ETH issuance will be reduced by about 90%, likely making it deflationary, while also giving investors the ability to earn on their holdings ETH⬆️⬆️⬆️

Perhaps this merger brought it an opportunity.

Maximos de 8 meses? Vamos a ser mas sinceros, si de Mayo aquí son 8 meses ok.

lmao shortest bear market ever

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🚀 Thankss a millon

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