We have already said to buy ETH twice before:

1️⃣ Missed the rise of Bitcoin? Don't miss the growth of Ethereum! 👉Recall
At the time of writing the post, the price of the coin was $1817 and we wrote further targets for the coin in updated forecasts.
Since then, the coin has already given a +64% profit.

2️⃣ Ethereum. Is there any fuel left for growth? 👉Recall
In the post we stated the fact that ETH has finally consolidated above $2000 and the next growth target is $2600-3000
At the time of writing this post, the coin cost $2,101.
Since then, the coin has already given a +42% profit.

Since the coin reached our last target of $3000, it's time to update our forecast.
Although we personally closed the deal ahead of the set target

❓ ETH. What's next?

As already said in previous posts,$ETH almost 100% correlated with the graph$BTC Bitcoin (See Orange line - Bitcoin chart).


Now, to achieve full correlation with Bitcoin, Ethereum needs to grow to $3500-3600 or Bitcoin needs to fall to $45,000

There are already several bearish signals on the airwaves:
1️⃣ Strongly overbought on all timeframes
2️⃣ The price has hit the psychological resistance level of $3000
3️⃣ Rounding the growing trend down (see green thick line)
4️⃣ No retest of long-term moving averages for more than 5 months

Result:
The maximum growth potential from the current ones remains only +18%. Buying now for such a profit is not a good idea.
For those who bought a coin before, following our recommendations, it makes sense to close most of the transaction in profit. But in general, it makes sense to hold on in the medium to long term.

Our expectations for the coin are as follows:
1️⃣ Drop +- from current levels to $2100-2300
2️⃣ Fall from $3400-3600 to $2300-2500

If you don’t buy ETH during this fall, then we don’t know when the next time you will have such an opportunity to buy at still cheap prices.

✔️ The next updated forecast will be released when ETH goes into correction to remind you that it is time to buy. But provided that this post gets at least 100 reactions.

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