In terms of the chart, BTC stays in the bull flag if it holds this 55/56K area. And if that gets broken then next support is 50K area, but as we can see on the weekly chart, this is still a rising trend, the large rising trend line which started from 15K is still not even touched yet. Similarly for $ETH , the rising trend line which supported this entire bull run from the 800s has not been touched yet. ETH has pireced the 3180 support, so next support is at 3000 area, and in extreme case in can get to low 2800s like the lows from April. But overall, I still think the market is being too pessimistic on the ETH ETF situation, and when the market is being so pessimistic on ETH, then any good news can make ETH do a sudden bounce. Any upside surprise with the ETH ETFs can make it bounce, and the bad news and disappointments have been mostly priced in, so the risk-reward is in ETH’s favour the more it approaches 3000. The ETH ecosystem such as $ENS S is still quite good risk-reward IMO, so ENS at 21.5 or below is still a nice entry into the ETH Ecosystem. UNI is also a narrative leader in the ETH ecosystem, although not as strong as ENS, but a dip to mid-6s on UNI is probably good DCA point. NFA, DYOR.
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