GM #toptraders
After good growth, the market needs a break. Bitcoin has gone into cooldown mode and is showing a sideways trend. Our expectations have not changed.
🔹Interesting picture for #ETH.
🟢The cue ball found support in the main area of interest and received a structural shift. We correct the current impulse. We expect the local high to be updated, which will increase the likelihood of working out the idea of removing liquidity to buy and growth with the potential of updating the high by 0.085.
A move below local levels will put on the agenda an update of the long-term level at 0.049.
🟢For the third time we are approaching a serious area of interest for the dollar. We expect it to go beyond the 2023 high and consolidate. This move is consistent with what we are seeing in ETHBTC and takes us into the next trading range of $2150 - $3580.
➡️ ETH will be followed by its adherents - restaking, layer-2 solutions.
Don't short the bull. Have a profitable week everyone! ❤️