2 weeks ago we posted a review of this coin and recommended closing part of the position with a profit.
The public idea was posted in October 👉Missed Bitcoin's rise? Don't miss the growth of Ethereum!
Now we can finally state the fact that ETH has successfully consolidated above the psychological resistance level of $2000 and is ready to continue growing.
🕯 Correlation of BTC and ETH
Always before, until the end of 2022-2023, these coins followed each other as if they were carbon copies. But in the last year$ETH shows strength relative to$BTC There are fewer drawdowns, and sometimes even ETH stands still amid the fall of BTC.
It is difficult to say what this is connected with, but the fact remains.
However, it is important to understand that the coin has collected a lot of long liquidity, which will be collected sooner or later, but not now.
📈 Coin prospects
The potential for a fall from the current level is only -11%, but the minimum growth potential is +26%. In terms of risk-profit, this is an excellent deal, so in general you can take the coin at current levels.
According to the technique, as was said earlier, the coin finally consolidated above the $2000 level. All major indicators are unloaded and have left the overbought zone. Volumes began to grow again.
Above this there is emptiness up to $2600, but in general the coin can reach $3000, where it is worth completely closing the position with a profit of +66%.
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