đšđš Ethereum & MA200 Situation: Critical Levels Ahead! đš
đ„ ETHUSDT 1D - The Big Picture đ„
The current state of Ethereum is quite different compared to what weâve seen with Bitcoin and Solana. Ethereum is trading far lower than the MA200, and any bounce so far hasnât come close to reaching it. This signals weakness in the pair, but it may also be a sign of an incoming bottomâor worse, a deeper drop due to the lack of support.
đ The Bearish Outlook đ
Weâre eyeing the $1,500 level, which was the October 2023 low and a critical support level. However, a bigger event is unfolding! Coinbase is buying up billions of ETH, intending to sell to institutional investors later. This accumulation points to a potential drop in price to the low 1000s. Yes, this could mean an even bigger correction!
â ïž MA200 Curving Down: What It Means â ïž
The MA200 is starting to curve down, a clear bearish indicator for the short-term. But long-term? It could be bullish, setting up for a future rally. A market crash might be looming, but the bottom is very close. Once we hit it, Ethereum is primed for massive long-term growth.
âł The Timeline: Recovery in Sight âł
This correction could unravel quickly, but donât panicâitâs a short-term event. The recovery is expected to kick off late 2024, gaining real bullish momentum after February 2025. Massive growth is on the horizon, but only for those who can weather the storm!
â Final Thoughts: Prepare & Protect â
Do what you need to protect yourself, but stay hopeful. The market always recovers, and 2025 is shaping up to be a year of massive gains!
Stay vigilant, stay informed, and prepare for the future! đ„
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