$ETH in a four-hour period looks like it climbed to two peaks and then slid down, it feels like it started to lose momentum.
In this wave of the bull market, Ethereum's performance is really frustrating; it hasn't soared to new heights like Bitcoin.
Personally, I feel like Ethereum has missed that surge and can only hold back until March next year.
From the four-hour chart, Ethereum might still drop a bit more. If Bitcoin experiences a sharp decline, the $3800 level for Ethereum might not hold, and the $3500 mark is a life-or-death line for it, so everyone needs to keep a close eye on it.
Looking at the daily chart, Ethereum seems to be stuck in the $4000 to $4200 range, rubbing back and forth, unable to break out.
Those big players are also indecisive in this range, flipping back and forth. After several tosses, Ethereum is like a deflated balloon, and it might not bounce back for a while.
The $3500 position is very important; I've mentioned it many times before.
Ethereum's real opportunity is in March next year, as long as it doesn't break below the $2800 bottom line, its upward momentum train is still on track. Once it catches its breath and adjusts, it will step on the gas again and soar upwards.
Recently, I plan to set up a position in a potential coin ready for a big jump; doubling my investment should be quite easy. I also plan to find some potential coins to hold until the end of the year, with an expected growth of over ten times being quite feasible. If you want to keep up, please like and comment, and I will share without charge.
