As always ETH whales, market makers tricking newbs with FOMO combined this dynamic with the talking 30k account CT idiots we have all the ingredients for another huge dump IMO.
Lets break that weekly 200 ema while the weekly RSI resets, bottoms and all other TFs do the exact same, then you have my attention.
I still think August will be the test of the bottom TL I drew. This could even get more ugly if BTC sells off worst.
I believe ETH is having or did have a major network upgrade, so typically ETH will sell off hard afterwards.
Also being that I flipped bearish all major stock markets I can only assume the cryptocurrency market will follow suit.
But I will say if we can hit my bottom TL around $92 then I would say we can safely buy a big bag for LT 3 years out. The future for ETH looks bright & FA implies ETH will lead the markets, I could see $2500 ETH to anywhere up to $10k in the next mega bull coming soon.
Lets break that weekly 200 ema while the weekly RSI resets, bottoms and all other TFs do the exact same, then you have my attention.
I still think August will be the test of the bottom TL I drew. This could even get more ugly if BTC sells off worst.
I believe ETH is having or did have a major network upgrade, so typically ETH will sell off hard afterwards.
Also being that I flipped bearish all major stock markets I can only assume the cryptocurrency market will follow suit.
But I will say if we can hit my bottom TL around $92 then I would say we can safely buy a big bag for LT 3 years out. The future for ETH looks bright & FA implies ETH will lead the markets, I could see $2500 ETH to anywhere up to $10k in the next mega bull coming soon.
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