Ethereum

Crypto and stock markets corrected as traders grew nervous ahead of August 17’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”

Bitcoin and altcoins met selling at key overhead resistance levels and investors are unsure whether traders will buy the current dip.

Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022.

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.

After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.

Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.