This is just a hypothesis, not financial advice.
I think we are going to see a small pullback to the 2700 area for re-accumulation. In the 2700 area we could see a large volume of liquidation points and those could generate some pullback to the price of ETH. After that, bounce back above the trendline and go for the bullrun after the halving of BTC.
My hiypotesis, I could be completely wrong. I've been thinking for a while now that maybe the current market looks more like 2017 than 2021. Time will tell. Zone around 2100 for ETH its my red alert.
I think we are going to see a small pullback to the 2700 area for re-accumulation. In the 2700 area we could see a large volume of liquidation points and those could generate some pullback to the price of ETH. After that, bounce back above the trendline and go for the bullrun after the halving of BTC.
My hiypotesis, I could be completely wrong. I've been thinking for a while now that maybe the current market looks more like 2017 than 2021. Time will tell. Zone around 2100 for ETH its my red alert.