Cryptos have been hot! With the COIN IPO today, Coinbase surged in trading today, and it took higher most of the "crypto space" and Ethereum was one of the leaders. The breakout above the 2000 has allowed for another 20%+ climb the last couple weeks. We are nearing a bearish "crab" possible harmonic setup (as confirmed by Andre from the Forex Analytix team) as we make it to the 2500 level. Considering the extensions come in just above 2500, and that is a "big figure" level, bulls should be careful especially as the daily RSI reaches
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Why is the crypto market crashing?
The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms.
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