🔥 One last shakeout for ETH before the midterm elections? 2,250–2,450 is an area to watch, not a guaranteed target
If there’s another pullback before the midterm elections, I’m more inclined to see it as the final stage of a shakeout rather than a trend reversal.
The old playbook was for ETH to reach 2,600/2,800, then pull back to 2,100/2,200. But back then, the starting point was lower, and BTC wasn’t as high as it is now. This time, the starting point is higher and BTC’s trading range has shifted up. Copying the previous three cycles outright could mean clinging to an outdated playbook.
This consolidation has lasted longer, and the lows have been rising too. Personally, I’d put ETH’s deep pullback zone at 2,250–2,450. That’s an extreme area to watch, and the price may not even get there.
Market games often work like this: shake out holders who lack conviction, while giving sidelined buyers no comfortable entry point. So it’s more likely to grind lower and wear people down than to crash straight through in one go.
As for altcoins, many have already seen bigger declines than ETH, so there may be limited room for further sharp drops. But “holding up better” doesn’t mean “can’t fall.” Manage your position size and keep stop-losses in place.
ETH bulls: If your leverage is high and your liquidation price is close, prioritize reducing leverage, trimming your position, or adding margin. Don’t just tough it out. If the price rebounds later, you can use small swings (for example, around 5%) to adjust your cost basis. Always manage futures positions dynamically as the market moves.
Remember: don’t chase rallies or sell in a panic, don’t go all-in, and don’t liquidate everything out of fear. Keep some powder dry and wait for a signal.
Personal review, not investment advice. DYOR.
$ETH $BTC #ETH #BTC #BinanceSquare #Crypto
If there’s another pullback before the midterm elections, I’m more inclined to see it as the final stage of a shakeout rather than a trend reversal.
The old playbook was for ETH to reach 2,600/2,800, then pull back to 2,100/2,200. But back then, the starting point was lower, and BTC wasn’t as high as it is now. This time, the starting point is higher and BTC’s trading range has shifted up. Copying the previous three cycles outright could mean clinging to an outdated playbook.
This consolidation has lasted longer, and the lows have been rising too. Personally, I’d put ETH’s deep pullback zone at 2,250–2,450. That’s an extreme area to watch, and the price may not even get there.
Market games often work like this: shake out holders who lack conviction, while giving sidelined buyers no comfortable entry point. So it’s more likely to grind lower and wear people down than to crash straight through in one go.
As for altcoins, many have already seen bigger declines than ETH, so there may be limited room for further sharp drops. But “holding up better” doesn’t mean “can’t fall.” Manage your position size and keep stop-losses in place.
ETH bulls: If your leverage is high and your liquidation price is close, prioritize reducing leverage, trimming your position, or adding margin. Don’t just tough it out. If the price rebounds later, you can use small swings (for example, around 5%) to adjust your cost basis. Always manage futures positions dynamically as the market moves.
Remember: don’t chase rallies or sell in a panic, don’t go all-in, and don’t liquidate everything out of fear. Keep some powder dry and wait for a signal.
Personal review, not investment advice. DYOR.
$ETH $BTC #ETH #BTC #BinanceSquare #Crypto