@pixelperplex
Earlier today at 2AM, just as ETH was about to break through the $5,000 mark, it got dragged down by a sharp BTC wick. No doubt, BTC’s recent performance has been looking pretty “weak.” In my post from August 23, I mentioned that whether ETH can smash through key resistance doesn’t just depend on sustained institutional buying—it also hinges on whether BTC can break out above its own resistance.
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