Yesterday Ethereum (ETH) reached a new peak on the 1 day ETH/BTC chart below:

After a 5 weeks bull-run, it has started a steep correction. Furthermore, the volumes have declined since mid-July, which is not a good sign.

Therefore, it is likely that traders will short ETH for a few days or weeks. You could also swap your ETH for USD... However, another strategy could be to swap it for Bitcoin (BTC)... Do Your Own Research as usual...

Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.

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