Part 4/6:
The MACD for Ethereum indicates weak performance, which casts doubt on bullish scenarios. The hope for Ethereum to recover rests on breaking through its resistance levels and possibly forming a new bullish pattern.
Altcoins and Investment Strategy
When it comes to investing in altcoins, Ethereum serves as a critical reference point. If Ethereum fails to reverse its downward momentum, broader altcoin performance may be impacted negatively. The analyst mentioned a preference for diversifying their portfolio, with significant holdings in Bitcoin, limited investments in Ethereum, and interest in high-potential altcoins like RLB.