The Ethereum conference has fully priced in the positives, and now it’s time for a pullback!

We analyzed on Friday that Ethereum would rise to around 3400, and then by November 12th, when the conference opens, it would fully price in the positives and experience a pullback.

At the time of the broadcast, ETH was still at 3140, but by the 12th, it really reached the key level of 3400. This pullback may weaken for a few days, so let's see if we can catch it above 3000, like around 3050.

The support for Sol is around 200, and the dealer may also induce a short squeeze down to 198; both are possibilities.

A pullback now is very normal, it's just a correction after a significant rise, and after consolidating, I still see an upward trend. I am still holding my long-term position, which I plan to hold at least until early next year.