Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. Today, Ether (ETH) might be 30% below its May 12 high at $4,380, but the current $3,050 price is 78% higher than the 6-month low at $1,700. To understand whether this is a “glass half full” situation, one must analyze how retail and pro traders are positioned according to derivatives markets.
On Sept. 24, Chinese authorities announced…
Source link