at this time eth has touched $ 300 this is a good sign to show the strength of the upcoming tesnet.
I think it's time for ETH to wake up from sleep and show that ETH can stand alone without having to rely on bitcoin.
ETH is already surging independent on BTC movement, it clearly shows great optimism from crypto enthusiasts on ETH 2.0 launch which is around the corner. ETH dominance also increased, but we don't know if it will be short-lived or not. I took some profit already on ETH since I bought in very early before this price movement, holding the rest longterm.
you bought this year or long time ago ? im impress because you arent greedy like others but instead you sell some . you know your capability that its not possible for you to predict eth . you wont regret because if eth drop atleast you already sold some and you wont also regret when price of eth continous to rise because you still have eth left in your wallet . we arent sure if eth moves in its own because if we will also notice btc , its also increasing and that happens just before eth increase
I think Eth became one of those coins that's quite easy to sell a bit when over-extended, as well as buy a bit when oversold. It's been in a wide range for the past year (against BTC) and became clearer this year that it likes to pump 60%, then dump 25-30% within this range. It's now pumped 60% again since recent lows, so selling a bit makes a lot of sense in my opinion. Just maybe not too much of it, as if BTC dominance doesn't bounce back soon, price could really take off (though I think this is still unlikely).
I've been accumulating for the past 12 months personally (mainly with BTC). I'm also never trying to "buy the bottoms", just buying near enough to the lows, or at least below the mid-level, in order to maintain a market weighted position in my portfollio. It's been a lot easier to accumulate than Bitcoin that's for sure, none of this broadening descending wedge nonsense! Just an easy going parallel & horizontal channel. While the 2 year USD range of $100-300 is pretty wide, it's at least been pretty reliable to buy when low and sell when high too it seems, for those who think fiat profit is real at least.
Until it's breaks above $385, price is still at resistance though USD wise. It'll be interesting to see if Eth can hold it's 200 Week MA around $265, or fall 40-60% like the previous two attempts. This will likely be dependent on whether Bitcoin can hold $10K and move higher or not I guess, but either way, an 80% discount in price is always more advertising to me than a 50% discount, in something I believe has a lot of room to grow. Hence the ethbtc chart being always more relevant to me, especially given the higher lows on the Monthly chart for the past 5 years, it difficult to argue from a charting perspective that it doesn't have more growth potential - mainly because it's only half the age of Bitcoin.
I'll likely be looking to sell a small amount of Ether soon enough into Bitcoin, as there are is a confirmed sell signal on the Weekly TD Sequential, as well as waiting for BTC dominance to
dead cat bounce back upwards in the short-term. This will likely cause Ether to have yet another healthy 25-30% correction in order to re-test long-term resistance trend-line around 0.025 btc. Either that, or it's next target is around 0.04. Hard to tell at this point.
I'm also not convinced the announcement of the testnet has anything to do with recent bullish price action. Ether has been screaming a buy on both it's ethusd and ethbtc charts for weeks now, to me it seems clear that the technical probability of further upside has played out, with enough speculators predictably jumping on the bandwagon.
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