Ethereum CORRECTION Almost Complete
After breaking out of major descending wedge we've seen ETH going to 0.04624 vs BTC which triggered a small altseason.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
I think ETH is going for 0.06-0.085 area in the near term after BTC reaches major resistance.
This could mean ETH could be ranging for a while since I think BTC is going to reach $55,000-$67,000 levels sometime soon.
I also think that BTC might have some correction back from $67,000 down to 40s, depending on volatility.
This means ETH could go from $3300 to $5300, depending on BTC levels.
Again, depending on BTC (where does it go this year, 60k/100k/300k?) we're probably going to see a couple of smaller alt seasons and most probably one major one, which, in crypto slang, is going to 'melt faces'.
Not a trading advice.
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