While Ether remains below the crucial $3,500 level, traders say it might not be wise to ignore the asset as the “next move is coming.”
Ether — the second-largest cryptocurrency by market capitalization — has fallen 18% against Bitcoin over the last six weeks, but traders warn against writing off the asset known as ”the world computer.”
“Being bearish on Ethereum now is a mistake,” crypto trader Merlijin The Trader told his 378,200 X followers in a Jan. 16 X post.
“The momentum is undeniable, and the next move is coming,” Merlijin said.
