It's true that xmr and eth are very correlated recently and I am not sure how to explain this. A sell wall is up it seems that someone wants the price to stay around like 240k to 280k sats.
It is because the smart investors will invest in Monero and Ethereum
But I like this speculation topic because a lot of people give good insights about the price.
And I have a question for you guys, I want to buy more Monero, and you guys are speculating a lot in this topic.
My last buy was at: 0.00289041 and at the moment it is already lower, so I could buy now but I have seen some of you saying that it would go down more before it goes up.
When do you think is the best time to buy?
Usually i just simply slaughter a goat in the bathroom and read its internals. For smaller trades i use a chicken. The point is, nobody knows for sure. We are in a heavily manipulated market (all alts are) so put your orders accordingly. The fundamentals for this coin are really good though, and one day people will hopefully start realizing that en masse. Personally i expect that the big whales will turn around soon again to make the coin go up.