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Today we’ll break down Ethereum’s outlook for the coming year.
First of all, let’s be clear: there is a very high probability that we are already in a bear market. And in a bear market, many projects simply disappear, because funding and clients drop by 70-90%, just like altcoins falling from their highs.
So, Ethereum is not just the second-largest coin by market cap. Ethereum is B2B. And the higher the token price is (and therefore fees, gas costs, deployments), the worse it actually is for ETH itself, as Buterin has said. That’s why, in my opinion, a bear market actually gives startups and new projects a good opportunity to start at reasonable prices.
Second, let’s look at the chart:
We’ve been moving sideways for 1,715 days! That’s insane. What alt season are you all waiting for? What kind of bull run in alts? As long as Ethereum stays in this range, it won’t happen. We need to break out of this range like a champagne cork-then all altcoins will fly after it.
For now, we’ve drawn a deviation (liquidity grab) on the top, which suggests a potential move to draw a deviation on the bottom. On top of that, we have a distribution pattern, and I think we may also see a full five-wave structure.
In short, $1,000 per ETH is brutal. But even if we do see $1,000, only a few people will buy-because there simply won’t be any money left after the entire market falls.
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Today we’ll break down Ethereum’s outlook for the coming year.
First of all, let’s be clear: there is a very high probability that we are already in a bear market. And in a bear market, many projects simply disappear, because funding and clients drop by 70-90%, just like altcoins falling from their highs.
So, Ethereum is not just the second-largest coin by market cap. Ethereum is B2B. And the higher the token price is (and therefore fees, gas costs, deployments), the worse it actually is for ETH itself, as Buterin has said. That’s why, in my opinion, a bear market actually gives startups and new projects a good opportunity to start at reasonable prices.
Second, let’s look at the chart:
We’ve been moving sideways for 1,715 days! That’s insane. What alt season are you all waiting for? What kind of bull run in alts? As long as Ethereum stays in this range, it won’t happen. We need to break out of this range like a champagne cork-then all altcoins will fly after it.
For now, we’ve drawn a deviation (liquidity grab) on the top, which suggests a potential move to draw a deviation on the bottom. On top of that, we have a distribution pattern, and I think we may also see a full five-wave structure.
In short, $1,000 per ETH is brutal. But even if we do see $1,000, only a few people will buy-because there simply won’t be any money left after the entire market falls.
Subscribe.
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More content, analytics, trades, and training on my Telegram channel and X📈
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
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.