Early this year, cryptocurrency enjoyed a good run.
In April 2021, we saw Bitcoin (BTC) climb from US$29,000 to a high of about US$63,000. (Bitcoin has corrected since then.)
Amidst that correction, investors turned their attention to Ethereum, which is also referred to as the silver to Bitcoin’s gold.
Ethereum (ETH) bulls cited its practicality, use cases, and how it would be the main driver for future technology.
Calling a correction amid a bull run
While the markets were bullish and pushing up the price of ETH, warning signals started going off on my Macro Trade Plan, pointing to a possible correction.
I issued a warning to my community on 15th April 2021.
As a trader, I took great interest in the possible correction.
Alas, I’m no fortune teller and cannot predict when exactly the correction will occur. However, I started monitoring the price action of Ethereum closely, for the weeks to come.
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