Eth has been on quite a run recently, visually we are in a strong ascending channel with price heavily respecting both trendlines.
Currently we are testing the bottom, after breaking out and closing back inside. Given the current market sentiment and also the price action of bitcoin, ETH may lose some price gains due to those mentioned and also other variables such as people going to Solana NFTs for lower gas (f**k degenapes).
At current price, this would give the ideal entry and R:R on a nice scalp either long or short depending on your view of Eth currently.
Previous analyses linked.
Currently we are testing the bottom, after breaking out and closing back inside. Given the current market sentiment and also the price action of bitcoin, ETH may lose some price gains due to those mentioned and also other variables such as people going to Solana NFTs for lower gas (f**k degenapes).
At current price, this would give the ideal entry and R:R on a nice scalp either long or short depending on your view of Eth currently.
Previous analyses linked.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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