Ethereum’s (ETH) price continued a sideways movement on Thursday as the market still awaits a trigger. Ethereum isn’t alone in this horizontal trend; several major index funds have also traded sideways, underscoring ETH’s positive correlation with the traditional financial market.
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Chainlink $LINK a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms. It’s acting as a bridge between the real world and the crypto universe to facilitate the connection between the two. In today’s article, we’ll dive into the daily cycle taking place and explore the potential path based on the Elliott Wave Theory.
