Bitcoin (Bitcoin) On October 22nd, the largest altcoin Ethereum (Ethereum) Failed to consolidate the record high.
ETH hit a record high?You will miss it in the blink of an eye
Data from Cointelegraph Markets Pro with Transaction view ETH/USD set a record of $4,380 on Bitstamp, and then was severely rejected.
Traders watched with expectation that Ethereum seemed to follow Bitcoin to rise to a new historical level, but faced direct resistance and fell sharply to a lower range.
We can’t even celebrate $ ETH ATH over 30 seconds
lmfao ruthless market maker
-Johnny (@CryptoGodJohn) October 21, 2021
Trader and analyst Rekt Capital Call This event is “Picture Perfect Rejection”.
At the time of writing, ETH/USD hovered at $4,150 and retained $4,000 as support, but it flashed immediately after the all-time high resumption.
Compared with Bitcoin, Ethereum performed better, and the ETH/BTC pair rebounded near its lowest point in late July.
Bitcoin may see “extra upside pleasure”
It also failed to maintain a significantly higher level. As the overheated market cooled their excitement, Bitcoin itself also took a long break.
related: Too popular: Bitcoin futures ETF is in danger of hitting the contract limit
The financing interest rate returned to normal on Friday and has reached a state reminiscent of the peak of the outbreak since April.
However, like the open positions, these are not as crazy as the second quarter boom, which only hit an all-time high of $64,900 this week.
Crypto trading company QCP Capital commented in its latest market update: “This means that there may still be additional upside, but we are at a level where we are beginning to expand the market.”
