Ethereum Down 6%, Trader Laments: ‘Just Sad… I Don’t See Any Reversal Coming Anytime Soon’

Published by
Benzinga

Pseudonymous cryptocurrency trader Altcoin Sherpa sees Ethereum (CRYPTO: ETH) as “the perfect mid trade” in this bull run, calling its chart “just sad.” What Happened: On Tuesday, the trader took to X (formerly Twitter) to highlight that he does not see a reversal for the second-biggest cryptocurrency any time soon: Another heavily-followed trader, ColdBloodedShiller, discussed the recent performance of Ethereum, noting that this is the first time in six weeks that ETH has convincingly lost the RSI 50 level, a significant marker in the crypto market. He further noted that such crosses in the R…

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