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Unlike Bitcoin, I'm not quite sure that Uptober will be a moment for ETH, of course the price of Ethereum will still rise if Bitcoin rises in price, but the bullish sensation is not like Bitcoin. So, what is the target price increase for ETH on Uptober this time?
If we do a cross analysis between the ETH chart itself and the BTC chart, then the potential Uptober (perhaps it could happen in September as I discussed in the bitcoin session) is $2,000. The potential for ETH price rejection in this area is quite large, and if ETH's highest swing high is at a price level of around $2K then the swing low will later have a decline target of up to $1,400.
This prediction is a general prediction that prioritizes the principle of caution rather than accuracy. Please make this analysis a consideration in implementing your respective investment strategy.
My advice for you eth holders is, it's best to wait for the bitcoin swing low which will probably occur quite deeply before the bitcoin halving phase in 2024, be patient, I often say that sometimes doing nothing is our best investment strategy. So, wait n see is a good strategy for ETH investors at this time.
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