Analyst and trader John Bollinger explained the reason why he bought the largest altcoin Ethereum.
https://twitter. com/bbands/status/1486767056418574339
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Although the analyst expressed that he likes the bullish pattern, he emphasized that it is not very safe to enter the asset now.
“I bought a small amount of Ethereum as a test position last night. I liked the bullish pattern for the last six hours and was looking for an entry. It’s not a high-confidence trade and I was probably premature. Now I went in and focused”
Bollinger urged his followers to pay attention to the Ethereum chart.
Ethereum slumped as low as $2,160 on Monday amid continued market correction. The largest altcoin is trading at $2,378 at the time of writing.
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