๐จ ETH COULD FACE MORE DOWNSIDE โ $1,500 IN FOCUS?
Trader Pickle Cat's Den warns that Ethereum could remain under pressure, with even newly purchased ETH potentially facing unrealized losses.
๐ Key Highlights:
- Buying spot ETH through DCA over the past three months reportedly worked better than futures trading.
- A potential drop toward $1,500 next year could be considered a relatively favorable outcome.
- The trader expects possible Fed rate hikes in December and further increases next year.
- Risks surrounding the AI bubble and a potential decline in U.S. stocks remain major concerns.
- Even the previously anticipated $888 level may no longer represent an extreme market bottom.
โ ๏ธ Market Outlook: Economic uncertainty, tighter monetary policy, and broader market corrections could create additional pressure on ETH.
๐ Is Ethereum heading for another major correction, or could buyers step in before $1,500?
#ETH #Ethereum #CryptoMarket #Bitcoin #FederalReserve #CryptoNews #BinanceSquare
Trader Pickle Cat's Den warns that Ethereum could remain under pressure, with even newly purchased ETH potentially facing unrealized losses.
๐ Key Highlights:
- Buying spot ETH through DCA over the past three months reportedly worked better than futures trading.
- A potential drop toward $1,500 next year could be considered a relatively favorable outcome.
- The trader expects possible Fed rate hikes in December and further increases next year.
- Risks surrounding the AI bubble and a potential decline in U.S. stocks remain major concerns.
- Even the previously anticipated $888 level may no longer represent an extreme market bottom.
โ ๏ธ Market Outlook: Economic uncertainty, tighter monetary policy, and broader market corrections could create additional pressure on ETH.
๐ Is Ethereum heading for another major correction, or could buyers step in before $1,500?
#ETH #Ethereum #CryptoMarket #Bitcoin #FederalReserve #CryptoNews #BinanceSquare