Peter Schiff Advises Selling Ethereum for Bitcoin as ETH Nears Trading Range Peak

ETH

ETH/USDT

$2,113.64

-7.22%

$2,113.64

-7.22%

(24s)

24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short

79.4%

Long: 79.4%Short: 20.6%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,087.22

▼ -2.84%

Volume (24h): -

Resistance Levels

Resistance 3$2,820.15

Resistance 2$2,294.17

Resistance 1$2,149.26

Price$2,087.22

Support 1$2,068.20

Support 2$1,940.12

Support 3$1,532.78

Pivot (PP):$2,109.73

Trend:Downtrend

RSI (14):22.5

On July 22, renowned economist and cryptocurrency skeptic Peter Schiff highlighted Ethereum’s price nearing the upper boundary of its recent trading range. He advised investors to consider liquidating their Ethereum holdings at this juncture. Schiff emphasized that reallocating capital from Ethereum to Bitcoin could present a more prudent strategy, reflecting his ongoing preference for Bitcoin’s market resilience. This perspective underscores the dynamic nature of crypto asset allocation and the importance of tactical portfolio adjustments amid fluctuating market conditions.

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