A popular crypto analyst is digging into the charts as the markets try to recover from a rocky start to the week.
The pseudonymous analyst known as Altcoin Sherpa tells his 175,400 followers that leading smart contract platform Ethereum (ETH) has already fallen back to its January lows in the $2,100 range.
“Interesting observation for Ethereum is that it’s right at its January lows; something that BTC [Bitcoin] already broke past.
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BTC is closer to its May lows while ETH/USD is still decently above those levels. Decent strength…”
Source: Altcoin Sherpa/Twitter
Ethereum has recovered from its Monday lows at time of writing, up 4.19% on the day and trading for $2,371.
The pseudonymous trader next looks at the cross-chain interoperability protocol Polkadot (DOT), setting a