đETH/USDT ANALYSIS đ
Ethereum's current market trend is looking bullish, with a potential bounce expected. The price is trading around $2,563, with a strong bullish momentum in the short term. According to technical indicators, Ethereum can soon outperform Bitcoin once it flips $2,800 on a weekly time frame.
- Ethereum is currently trading at 2651$
- Ethereum can soon outperform BTC once it flips 2800$ on a weekly time frame
- Deeper retracement will lead to an impulsive move towards the upside
- Make sure to add more size in ETH once you see it below 2500$
- I am anticipating Ethereum to easily print 3600-4000$ by the end of October
- For leverage traders watch out 2450 and try to make your entries conservative if you are using 2-3x leverage anything above that can be very risky
- Look for longs more because the market has a lot to recover in the last quarter instead of falling from here
- I don't think we should be falling from here anymore like we did earlier, small retracements and sudden retracements are fine in a bull market but as long as ETH isn't above 5000$ we cant consider this an altcoin bull market
Ethereum's current market trend is looking bullish, with a potential bounce expected. The price is trading around $2,563, with a strong bullish momentum in the short term Âč. According to technical indicators, Ethereum can soon outperform Bitcoin once it flips $2,800 on a weekly time frame Âč.
Key Considerations:
- Market Sentiment: Overall market sentiment is bullish, with 92.86% of signals from moving averages indicating a bullish trend .
- Individual Coin Performance: Ethereum's performance relative to other cryptocurrencies is strong, with a 6.04% increase in the last 5 days.
- Global Economic Conditions: External factors influencing the crypto market are favorable, with a potential bull run expected in the last quarter.
Wishing you all successful trades and plenty of profits!
