Like Bitcoin, Ethereum has been on a remarkable run over the past few weeks. Arguably, the asset’s performance has been even more impressive than that of BTC over the same time period. Case in point: per data from TradingView.com, from the lows around $90, the cryptocurrency has rallied 116% higher, outpacing effectively any other multi-billion-dollar asset over that same time period. Chart from TradingView.com The most recent leg of this move, which has brought ETH towards $200, has many convinced that more upside is in the cards. But, a leading technical analyst, whose chart called the previous bottom in the Ethereum market, is now signaling that a short to a medium-term top is forming. Ethereum Is Preparing for a Strong Correction On April 24th, a pseudonymous crypto trader shared the chart seen below, remarking that this single setup has “caught each major top and bottom” since 2020 began, marking the $290 yearly highs and the $90 lows that were experienced on “Black Thursday.” Ac...
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