ETHUSDT - Short Term Bullish
For the next few days, I am bullish on Ethereum . Here's why:
- It's likely that the bottom is around $2400 zone.
- As Bitcoin increases, Ethereum reacts near immediately being the first altcoin with the second largest market cap.
- Phoenix seems very bullish in the 1D Timeframe:
There are reasons thought, why I specifically say "short term".
- No clear reversal pattern
- Vitalik appearing on TIME stating he needs to fix his broken empire (yikes)
Although we can all take a page from his book and commend him for his honesty, this is not what you want to hear from the founder of a project that you are knee-deep in. I suspect that he will implement chances in the medium term that might initially effect the price adversely. This is my expectation for the medium term.
Thanks for taking the time, let me know your thoughts.
- It's likely that the bottom is around $2400 zone.
- As Bitcoin increases, Ethereum reacts near immediately being the first altcoin with the second largest market cap.
- Phoenix seems very bullish in the 1D Timeframe:
There are reasons thought, why I specifically say "short term".
- No clear reversal pattern
- Vitalik appearing on TIME stating he needs to fix his broken empire (yikes)
Although we can all take a page from his book and commend him for his honesty, this is not what you want to hear from the founder of a project that you are knee-deep in. I suspect that he will implement chances in the medium term that might initially effect the price adversely. This is my expectation for the medium term.
Thanks for taking the time, let me know your thoughts.
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