Buying the Dip in Ethereum, As the Retreat in Cryptocurrencies Stops

Ethereum has lost $ 500 today, but we decided to buy the dip

Skerdian Meta•Monday, February 22, 2021•1 min read

Cryptocurrencies have turned bearish today and have gone through a swan dive in the last few hours. BITCOIN lost more than $ 10,000, falling from above $ 58,000 to below $ 47,000. Ethereum has also gone through some severe losses, falling around $ 500, from above $ 2,000 to $ 1,500s.

Elon Musk seem to be the person who is moving cryptos again today, after he sent them surging further higher at the beginning of this month. Now, he has sent them down. We decided to buy the dip in ETHEREUM as it was reversing back up, planning to hold, since crypto analyses point to further bullish momentum, s we explain in our Ethereum price prediction for 2021. Below are the tweets from him and the reply from Schiff.

Musk

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ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.