Trader Warns Ethereum Could See Another ‘Big Move Down’ Against Bitcoin, Updates Outlook on Dogecoin and Bonk

Standard crypto analyst Altcoin Sherpa warns that Ethereum (ETH) may even see a steep correction in its Bitcoin pair (ETH/BTC).

The pseudonymous dealer tells are 233,100 followers on the social media platform

“ETH: I do not know if this bottoms out to 0.024 BTC ish, this could possibly be one other huge transfer down if BTC had been to rise sharply above $100,000. Complete destruction.”

ETH/BTC is buying and selling at 0.03768 BTC ($3,624) on the time of writing, up 3.92% within the final 24 hours.

Then the analyst warns that the preferred memecoin by market cap Dogecoin (DOGE) may fall beneath the decrease finish of a buying and selling vary to round $0.32.

“DOGE: Divergence above highs, now probably divergence beneath lows. Total, I am nonetheless bullish on this subject, and much more so if BTC has an edge.”

DOGE is buying and selling at $0.40 on the time of writing, up 4.9% within the final 24 hours.

Lastly him say that he stays bullish on the Solana (SOL)-based memecoin Bonk (BONK), however warns that it may fall beneath $0.00003894 within the close to time period.

“BONK: I nonetheless have a bag of this in my arms and a brief cooldown appears effective/wholesome when zooming out. 0.50 fib and a bit decrease are each cheap locations to scale (I am coming from larger and comfy, simply the greenback value is common as an funding). Simply maintain on a bit of longer.”

BONK is buying and selling at $0.00004361 on the time of writing, up 2% within the final 24 hours.

Do not miss a beat – Subscribe to obtain e-mail alerts straight to your inbox

Examine value motion

Observe us additional X, Facebook And Telegram

Surf to the Each day Hodl combine

Generated picture: Midjourney