ETH forecast & alt summer
Price action on ETH, completely different from BTC
What are the differences:
1. We have practically no free liquidity zones
2. The closest short target is at the level of maximum pain of a bear market
3. We have virtually no barriers to growth into the $3-3.5k zone.
Unlike BTC, I expect a pull back to the $2-2.2k zone (Short term target) and a move to the $3.3-3.6k zone (Long target). The maximum possible drawdown here for me is a move to the $1.3-1.4k range (Liquidity zone).
For the first time in a long time, my picture of BTC and ETH is very divergent. If it really happens that we see BTC falling and ETH rising, a new altseason will begin
P.S I will update this idea as the price moves.
What are the differences:
1. We have practically no free liquidity zones
2. The closest short target is at the level of maximum pain of a bear market
3. We have virtually no barriers to growth into the $3-3.5k zone.
Unlike BTC, I expect a pull back to the $2-2.2k zone (Short term target) and a move to the $3.3-3.6k zone (Long target). The maximum possible drawdown here for me is a move to the $1.3-1.4k range (Liquidity zone).
For the first time in a long time, my picture of BTC and ETH is very divergent. If it really happens that we see BTC falling and ETH rising, a new altseason will begin
P.S I will update this idea as the price moves.
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