Ethereum: Buyers stepped in
We have a good signal here, we're in good shape for the next leg up of this uptrend. Bitcoin hit the short squeeze rally target at Kraken, and today is the last day in the rally in XBTEUR, that started on the 10th. Failing to hit 1067 on close, will force our hand into hedging BTC exposure with margin shorts. This will prevent downside risk in BTC and give us some profit cushion if we get a retracement. It will also boost ETHBTC, which is set to surge rapidly, so, I expect this to pan out favorably for us.
Cheers,
Ivan Labrie.
Cheers,
Ivan Labrie.
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