My last bullish case I think strictly looking at the macro outlook on charts. $ETH below 2800 its jover for a good 8 months, but "if" we hold could be happy days. Odds are greatly favored towards 2k ETH still. Shorting this and holding some spot is the play
Betting to hedge this plays out very very soon
charts compare to 2021 cycle high to now
I'm at like %80 this plays out
min target is 100k
If btc higher by next week we flip and i break even at 11250 as support, from there we re-eval
Expecting a decent bounce soon on ETH. Hope it’s not over.
Similarities between this and the last cycle tops, which is a bit worrying. Charts suggest it could be over, but on-chain metrics are showing the opposite.
I’m leaning towards bearish, but I’m holding what I have left❤️🔥