IvanLabrie

$ETHUSDT: Update - Long term signal triggered

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
The long term bull cycle signal I was waiting for triggered, after turning initially bullish in the mid term 2 months ago, we now have a valid reason to add further exposure to Ethereum and consider staking and participating in other ways of increasing your returns with DeFi.
(I leave this up to you, DYOR, this is beyond the scope of this forecast and involves other risks and complexity that you need to understand well yourself before participating in it).

As far as technicals go, we have a clear invalidation signal if price fails to follow through after this quarter ends, or if it breaks under the level where most of the accumulation took place near 1700-1800.

Upside targets are between 9400 and 54000, with the highest probability target range being between 9400 and 17500 by late 2025. The upper target range is more of a black swan scenario for Bitcoin and would involve some degree of flippening which seems unlikely.

Best of luck!

Cheers,

Ivan Labrie.

🔒Want to dive deeper? Check out my paid services below🔒

linktr.ee/ivanlabrie
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.