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TechFlow reports, crypto trader Ansem said that major cryptocurrencies may continue to trade sideways, while meme coins have potential for gains.
He noted that Ethereum ($ETH) currently has a clear hedge short strategy in place. If the price breaks above $4,100 on the weekly timeframe, the market could see a significant upward move. Otherwise, continued volatility is expected, forcing long positions to liquidate and exit.
Crypto trader Ansem said that major cryptocurrencies may continue to trade sideways, while meme coins have the potential to rise. He noted that Ethereum ($ETH) currently has a clear hedging short strategy in place; if the price breaks above $4,100 on the weekly timeframe, the market could surge significantly. Otherwise, continued volatility is expected, forcing long positions to be closed out.
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