Ethereum was working just fine but the genius Vitalik Buterin thought it would be a good idea to move to POS. This has to be the dumbest move in history. For what? To save power? Are you kidding me? Do you realize how much energy is used in all those giant banking buildings around the world? Ethereum was maybe 1/1000th of the amount of energy that the banks...
At this moment, it's not too clear for us to talk about the future of ETH because its support is very weak and this trade becomes risky.
If you are holding ETH, set a stoploss if drops below 325$. Target will be 400$ in mid October
But if ETH drops below 325$, we will wait at those levels : 290-300$ and 200-210$.
Of course, when ETH hit those levels, we will not...
ETH is moving sideways on top and if it breaks the 250-255$ zone, it will go up to 400$ in July.
But if it drops below 220$, it will go back to 180-185$ to find another opportunities!
ETH is dropping from the Ascending Broadening Wedge pattern and its target is about 150$. So holding it in this period is not a good idea.
If you have ETH, you should sell it and wait for positive scenario to buy back
If you have no ETH, wait it in the range of 140-160$
ETH is moving in a falling wedge but I don't think it will pump hard. It will come to 225$ but I think you should sell here to protect your money and profit.
I need to wait for breakout from 235$ for further targets
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
![ETHUSD: Stoned Ape Theory [69 IQ]](https://s3.tradingview.com/h/H7CMsZOR_mid.png "Stoned Ape Theory [69 IQ]")
