ETH/BTC Ratio Tanks 5%—Is This the Calm Before a Massive Surge or the Start of a Steep Crash?
What followed was not another crash, but a second rally. This was triggered mostly by retail chasing the dip out of impatience.
Source: Santiment
Trading volume, social mentions hint at a potential rally
The next few days matter more than most think.
If ETH’s trading volume and social sentiment continue to surge, the altcoin rally can’t be ruled out. This would also allude to Futures traders in short liquidations and a profit-taking phase.
Whenever that happens, the next wave tends to fuel more organic demand. On the back of such volume, ETH’s price may be primed to shoot up the charts again.
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