Back on momentum $KERNEL 🔥 | CipherX on Binance Square

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Back on momentum $KERNEL 🔥

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Buying $ETH now is like buying $COIN at $260. In just a week, $COIN is up 36% and is currently the best performer in the S&P 500. The reason I'm focused on $COIN is due to its tight correlation with ETH. A massive move in ETH is coming soon IMO.

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None of the bull market indicators are signalling top. And what's the reason? Because there's no retail euphoria. Alts haven't pumped this cycle, and retail is holding alts only. Talking about BTC, institutional adoption has make it very less volatile, so no euphoria has hit. If you're selling now, you'll probably be an exit liquidity.

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Altseason Index has now reached April lows. BTC is up 40% from its April bottom, but a lot of alts have fully retraced their gains. But here's one good thing. Whenever the index has reached this low, alts pump has happened within a few weeks. I think a short squeeze on a lot of alts are coming.

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$ETH has trapped both bulls and bears now. It had a fakeout pump and dump, and is now back into the consolidation range. But what's next for ETH? Looking at the broader market, it seems like upside is much more likely to happen. The US stock market is hitting new highs, and trade deals announcements are happening. Both these things are bullish for risk-on assets and ETH will definitely benefit from it.

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