Ethereum Experts Advise Careful Trading Amid Changing Crypto Environment
Caution Advised for Ethereum Trading: Chris Weston from Pepperstone warns against viewing Ethereum's recent pullback as a buying opportunity, suggesting it may drop to $4,100 before regaining momentum.
Market Momentum Over Dips: Weston emphasizes the importance of tracking market momentum rather than purchasing during dips, highlighting the risks of establishing long positions without trend confirmation.
Altcoin Strength Amid Bitcoin Dip: The founders of Glassnode note that altcoins have shown resilience during Bitcoin's recent decline, indicating a shift in capital flow towards these assets.
Potential Record Performance for ETH: Despite volatility, Ethereum is on track for strong performance in Q3, with crucial price levels between $4,233 and $4,100 impacting future momentum strategies.
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