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Crypto analyst, Cred Notes An Ethereum Chart Indicating A Good Stage For Currently

Cred, A popular crypto analyst notes how one Ethereum (ETH) chart is perfectly looking strong currently.

Furthermore, the analyst, Cred calls out the Ethereum chart against Bitcoin (ETH/BTC). Then, goes on to describe it as “one of the best-looking macro charts in crypto at the moment.”

More so, Ethereum is worth 0.088 BTC, or $4,200.33 currently.

Also, Cred confirms that ETH is ready to continue making gains against BTC.

But, he earns that his overall trading framework is still “defensive.”

“This disconnect between Bitcoin and Ethereum is either a completely new paradigm…”
“from April-May (less likely) or a sign that we’re closer to the cycle top (more likely).”

So, Cred explains.
“While the Ethereum/Bitcoin chart is one of the best-looking macro charts in crypto at the…”
“moment, our overall framework is still defensive given…”
“the high time frame weakness that has emerged in Bitcoin/Dollar.”

Additionally, Cred then talks on market strength that Ethereum held $4,000 despite the dip last week.

“It would be fully validated on a daily range breakout above $4480,…”
“which is the range high for now. Any weakness below $4000 would be bearish.”

Lastly, Cred concludes.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.