Welcome back to RS_Crypto Analysis! Today I would like to share my insights on the ETH/USD pair from a macro perspective.
Based on the previous bull run of ETH/USD from 2016 to 2018, the price dropped by 75% from its all-time high before recovering to the 50% level. The cycle bottom was reached when ETH dropped to 93.5%. I believe that the current market conditions may repeat this pattern, with ETH having already declined by 75% from its all-time high. I am anticipating a potential rebound to the 50% level, providing a favorable short-entry opportunity.
Please note that this trade idea is based on my personal analysis, and I suggest that you conduct your own research and manage your risk accordingly before following this idea. Additionally, I will be executing this trade from my spot account.
Based on the previous bull run of ETH/USD from 2016 to 2018, the price dropped by 75% from its all-time high before recovering to the 50% level. The cycle bottom was reached when ETH dropped to 93.5%. I believe that the current market conditions may repeat this pattern, with ETH having already declined by 75% from its all-time high. I am anticipating a potential rebound to the 50% level, providing a favorable short-entry opportunity.
Please note that this trade idea is based on my personal analysis, and I suggest that you conduct your own research and manage your risk accordingly before following this idea. Additionally, I will be executing this trade from my spot account.