ETH is an elephant and it doesnt move lightly like DEFI coins since it has 31B market cap.
To double it needs an institution OR an entry at CME wich is coming Feb 8th.
A lot of traders have heavy bags and if ETH fails to pump, it could lose a lot of traders support.
We all see (and get) those pumpers (CRV, AAVE, DOT, LINK, SXP, etc). I suppose the market wont
want to support the weight of a non moving bag much longer.
All details are on chart and we are at MAKE or BREAK time.
Make : price breaks 1430 and comes retest to fly higher.
Break : it crashes and comes to the only big support under near 760. To dump that much, I supposed the whole market would be crashing, especially BTC.
To double it needs an institution OR an entry at CME wich is coming Feb 8th.
A lot of traders have heavy bags and if ETH fails to pump, it could lose a lot of traders support.
We all see (and get) those pumpers (CRV, AAVE, DOT, LINK, SXP, etc). I suppose the market wont
want to support the weight of a non moving bag much longer.
All details are on chart and we are at MAKE or BREAK time.
Make : price breaks 1430 and comes retest to fly higher.
Break : it crashes and comes to the only big support under near 760. To dump that much, I supposed the whole market would be crashing, especially BTC.
Comment:
Target 2 could be the lenght of the bull flag pole
