The crypto market outlook flipped from bullish to cautious on February 3, when Bitcoin (BTC) crashed from $102.5K to $91.2K. This sudden collapse pushed Ethereum (ETH) to shed nearly 26% in a single day. Despite a strong recovery on the same day, Ethereum price does not instill confidence among investors and shows signs of revisiting the February 3 lows. However, on-chain metrics and fundamental developments suggest the big-picture outlook is bullish, but technicals hint that more pain might be ahead in the short term.
Read the full article here
