Post
Topic
Board Altcoin Discussion
Re: ETH keep breaking record and what happened to BCH?
by
axeholm
on 03/02/2021, 10:10:43 UTC
Although ETH reached a new high, it is to be noted that ETH would still need to avoid a fall through the pivot level at $1,474 to support a run at the first major resistance level at $1,588 and a support from the broader market would be needed.

In BCH case,  If the price turns down and breaks below the $370 to $353 support zone, the altcoin could drop to $275 - Contrary to this assumption, if the bulls can push the price above the downtrend line, the BCH/USD pair may rally to $465 and then to $539. If the price turns down from this resistance, the pair could extend its consolidation for a few more days.

But the market is unpredictable and moves in mysterious ways so maybe a single movement from a whale would create a huge commotion in the market of these two.