Here's the latest on Ethereum:
- Current price is $2,506
- There's been a surge in institutional interest, driving huge demand for ETH ETFs
- Asset managers like BlackRock and Fidelity have been buying Ethereum continuously while selling off BTC ETFs, resulting in record-high inflows
- This type of inflow is typically seen before Ethereum takes off and enters a parabolic phase
- Technically, it all depends on how USDT D and BTC D perform; they both need to drop significantly for money to rotate within the markets
- I still think Ethereum can easily revisit $2,100 before breaking out, which should signal the top for USDT D, ultimately leading to Ethereum outperforming and a 50% move from there.
- Accumulation Zones for ETH: 1700-1890$, 2000-2120$
- Current price is $2,506
- There's been a surge in institutional interest, driving huge demand for ETH ETFs
- Asset managers like BlackRock and Fidelity have been buying Ethereum continuously while selling off BTC ETFs, resulting in record-high inflows
- This type of inflow is typically seen before Ethereum takes off and enters a parabolic phase
- Technically, it all depends on how USDT D and BTC D perform; they both need to drop significantly for money to rotate within the markets
- I still think Ethereum can easily revisit $2,100 before breaking out, which should signal the top for USDT D, ultimately leading to Ethereum outperforming and a 50% move from there.
- Accumulation Zones for ETH: 1700-1890$, 2000-2120$
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إخلاء المسؤولية
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