$ETH
My local view on #ETH
So far, everything is going according to plan:
1. We broke out of the wedge and are now retesting it
2. Liquidity sweep at $1,804
3. First long zone: $1,720/$1,800
4. Second long zone: $1,744/$1,680
5. Conservative target: $2,000
6. If $BTC reaches $70K/$72K, then ETH target is $2,100/$2,200
As I mentioned earlier, $ETH looks stronger than BTC, so in my opinion, the probability of reaching the second zone is low.
Of course, there’s still a chance we won’t even reach the first long zone, but I can’t recommend taking an overly risky long.
$ETH has performed better than BTC and other altcoins during this correction.
However, be careful with long positions. Over the next 30–90 days, I expect the final correction to begin.
If anything changes, I’ll let you know! DYOR
As a reminder, I warned about the bull trap at $82K and the summer drop.
MY NEXT CALL WILL BE THE BIGGEST ONE OF THIS CYCLE.
TURN ON NOTIFICATIONS. MOST PEOPLE WILL FOLLOW ME TOO LATE.
My local view on #ETH
So far, everything is going according to plan:
1. We broke out of the wedge and are now retesting it
2. Liquidity sweep at $1,804
3. First long zone: $1,720/$1,800
4. Second long zone: $1,744/$1,680
5. Conservative target: $2,000
6. If $BTC reaches $70K/$72K, then ETH target is $2,100/$2,200
As I mentioned earlier, $ETH looks stronger than BTC, so in my opinion, the probability of reaching the second zone is low.
Of course, there’s still a chance we won’t even reach the first long zone, but I can’t recommend taking an overly risky long.
$ETH has performed better than BTC and other altcoins during this correction.
However, be careful with long positions. Over the next 30–90 days, I expect the final correction to begin.
If anything changes, I’ll let you know! DYOR
As a reminder, I warned about the bull trap at $82K and the summer drop.
MY NEXT CALL WILL BE THE BIGGEST ONE OF THIS CYCLE.
TURN ON NOTIFICATIONS. MOST PEOPLE WILL FOLLOW ME TOO LATE.