I shared Sol. Bnb’s views on btc in the previous article. Today I want to talk about eth.
Ethereum has pulled back nearly 50% since March. After a rebound, it has pulled back nearly 25% from the end of August to now, which is nearly a month.
Many people are not optimistic about this disgusting trend, but I like to sell when it is boiling and buy when no one knows.
The current BTC-ETH pair is also lower than the beginning of March and the end of August. The current minimum is just over 0.38, but it can be observed that the previous two waves of trading pairs below 0.4 will have a relatively strong rebound, and this time is the lowest, and it is also the third bottoming out. I am very optimistic that Ethereum will rebound a good amplitude within half a month or a month.
Look at the figure below again, keep point c, as long as it does not set a new low, it is a potential bat pattern, which is extremely bullish. It is only now starting to counterattack, and the current big The cake has once again broken through 60,000, and the market share has once again reached 58%. If it can effectively stand firm, combined with the expectation of interest rate cuts, I think the callback from the end of August to now has come to an end. Even if there is a callback after the interest rate cut, I will first be bullish and then callback in the short term. Of course, the market is changing rapidly. If it breaks through a new low, it is more important to buy, rather than panic. If it really breaks, Ethereum will most likely fall below the 2,000 mark, first test around 1950. Since the weekend, Ethereum 5 waves have gone down a failed extension waterfall. Currently, we are paying attention to the low-key 2263 at the weekend. As long as it does not break, a new pattern will begin. Last night's rebound was temporarily set as 3 waves, and the 5-wave trend is about to begin. $ETH
