09/02/2021
Defi (decentralized finance) draw attentions
BITCOIN $44,011.40 / $48,025.18
Ether $1,701.63 / $1,812.78
The conditional response is robust and what necessary is your incentive to make it happen in the market world, the entire market across the globe are all eyes on crypto now, even Hollywood stars such as LL cool J , Snoop dogg , Tesla Elon Musk invest on bitcoins and tweeting about DOGE coin so as many more investors, dollar is on the brink of debt to GDB ( gross domestic product)ratios, china creating digital yuan to compete with global currencies. global investors like paypal and many other automobile companies have all eyes on crypto. Bit coin hype to 48,000USD break the resistance level again these are possibilities to let crypto to put on world stock exchanges such as NASDAQ.
let's get back to our Ethereum ,Ether plunge back because of gas fees rising on decentralized platforms. bearish stance can't sustain on 1550 usd level for long, the bull is driving back from 1550 USD level to 1700 USD respectively which is 25x hype back.
entire crypto market and long investors target ether to reach 2000 USD levels on that rate it could be the psychologically resistance levels.
investors should have their own strategy and make stop loss on exchanges to manage their profit and loss.
Following opinions are solely by mjk analyst investing involve risk.
~Matthew Johan Kyaw ( crypto analyst)