Is This the Last Dip Before a Major Upswing?
That’s the burning question on everyone’s minds as
ETH seems to be lagging behind its crypto counterparts.
However, there's a silver lining on the horizon.
BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else.
On the fee front, we’re witnessing a welcome trend: costs within theETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, ETH must break above the $2800 mark to leave the uncertainty zone behind.
For now, we’re making a calculated bet thatETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the ETH ecosystem.
In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400.
Let’s see where this journey takes us!
That’s the burning question on everyone’s minds as
ETH seems to be lagging behind its crypto counterparts.However, there's a silver lining on the horizon.
BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else.On the fee front, we’re witnessing a welcome trend: costs within the
ETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, ETH must break above the $2800 mark to leave the uncertainty zone behind.For now, we’re making a calculated bet that
ETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the ETH ecosystem.In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400.
Let’s see where this journey takes us!
Trade attivo
I took the bait. I'm in!2400 is the zone where I want to bid and hold. So far, it hasn't taken out last week's low, unlike $Bitcoin. There's a bit more strength here, finally!
Let’s see how it reacts over the weekend, and hopefully, it closes strong.
Nota
It's so close to invalidating the bearish weekly signal. At $2660, it will invalidate.I think many were expecting sub $2k for one last chance to grab cheap $ETH. Hopefully, it breaks out this time and moves above the 'hopium' zone!
Nota
Weekly Reversal at the lows! This is amazing and should start gaining some momentum against BTCNota
This has to be the time! It has managed to stay above the Monthly Open for the entire week and is now breaking above the trendline. A retest and then a moon shot? Could it start outperforming BTC for the first time? Let’s hope that’s the case!Trade chiuso manualmente
The weekly bearish trend is still in control, and it will likely take longer for a breakout to occur. I’ll exit with a small profit and wait for a better entry opportunity.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.