The crypto market may not be done correcting, according to crypto analyst Justin Bennett. He points to the Tether dominance chart as a key metric, with a bullish chart indicating traders are selling crypto in favor of stablecoin Tether. He warns that if Tether dominance drops back below a specific level, he will become short-term bullish on Bitcoin. Bennett also predicts that Ethereum will experience sideways movement after reclaiming $2,600 as support. He suggests that Bitcoin could revisit a range low of $91,787. At the time of writing, Ethereum is trading at $2,705 and Bitcoin is trading at $96,713, both experiencing slight decreases in the last 24 hours.



Other News from Today