“The moment of truth” says here for ETHEREUM (ETH), he sees the current bitcoin correction as healthy for BTC
One of the analysts known for making time encryption calls believe that ETHEREUM (ETH) is at a pivotal point because it hovers about 3000 dollars.
Credible Recount His 459,900 followers on the social media platform X that ETHEREUM may be in the midst of a local bottom sculpture before igniting fresh marches.
According to the analyst, Ethereum Bulls must get the immediate support for ETH at about $ 3000, otherwise the leading smart contract protocol may drown to less than 2800 dollars.
“We are here.
The first two levels I think will represent our bottom on ETH.
The moment of the truth here, let’s see if it is.
If you lose, we have reached the monthly demand below, which must mark the bottom of HTF (high time frame).
Many other metal currencies also hit the key/pivotal levels at the present time. “
Looking at the trading scheme, it appears that the ETH can exceed $ 4000 after the exit. At the time of writing this report, the ETH value is $ 3,170.
By moving to Bitcoin, the analyst believes that the current BTC correction is positive and not negative for the property of the encryption. According to Credible, the decline is the stage of the stage of short pressure from Bitcoin.
Short pressure occurs when a sharp rise in the price of assets dealers who had sold a short pre -sold out of their positions rises, leading to more marches. Open selling means selling borrowed shares from stocks with a decrease in price.
He says reasonable,
“BTC is simply heading to the end of our group that we made last week, nothing frightens it.
In fact, I am happy that we are going to its lowest levels first because it is better for us to take liquidity from the lowest levels of this range while leaving liquidity in the highlands.
Eyes are at the lowest levels to see if this is just seizing liquidity at one end of the range before going to the other … “
While the credibility believes that BTC is at a site to excite a short -term gathering, it is Expected Bitcoin may see another leg down after the boom before the equivalent climb begins on its way to $ 150,000.
“In an ideal world …”
At the time of this report, Bitcoin is traded for $ 102,080.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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