Ethereum's Weakness Reveals Crypto Market Bearish Bias

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Bitcoin produced an inverted correction from 5-August until 21-October and hit as high as $69,500, right below the $70,000 level from which the 29-July major crash developed. Ethereum on the other hand remains super weak.

Ethereum's weakness reveals a bigger bearish bias across the Cryptocurrency market.

Ethereum's latest pull-back produced a minor recovery compared to most projects, and most Altcoins move in the same way. The fact that Ethereum remains super weak reveals what comes next.

We also looked at Kaspa (KASUSDT) and showed how it moved below its 5-August low recently, indicating that the rest of the market will do the same and this pair moved ahead.

The situation with ETHUSDT is something similar. The fact that it is very far from the last major high and no signals of new All-Time Highs reveals what comes next. There is no scenario where Bitcoin moves to $74,000 while Ethereum crashes to $1,000, correct?

The fact that Ethereum is weak reveals that the others are set to meet Ether soon.

Ethereum is trading 37% below its March 2024 high.
Bitcoin was only less than 7% away from its ATH.

It is not like Ethereum will remain down while the rest of the market will rally, instead, we can say that Ethereum is moving ahead.

Bitcoin will crash and meet similar levels to Ethereum soon, the same for SOL, RAY, BNB, TRX and the rest.

Prepare for the last major crash before the 2025 bull-market.
There will be some consolidation after the low is hit before the starts of the next bullish wave.

We have some reckoning to do, but all will be good in a matter of months.

Do not be distracted, the correction is not yet over, we are expecting one final, massive drop.

Visit the 'Related publications' below for all the best SHORTs. A way to protect capital while the correction unfolds.

We also have LONG spot trades for all the Altcoins that are going up.

Thanks a lot for your support.

Namaste.