#BTC #ETH When Ethereum fell to around 2700 last night, leveraged spot traders began to buy in large quantities. Considering previous buying activity, 2700-2600 can be considered a potential buying range for Ethereum in this current consolidation phase.
Some leveraged spot traders bought Bitcoin around 86 last night, but some stopped out after it fell below 85. The remaining traders exited near their cost basis or with small profits during the subsequent rebound.
Currently, it seems the major players in the spot market are favoring Ethereum. Ethereum may be more resilient than Bitcoin in the near future.