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$
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.