✨A bit of TA for $ETH
And for that matter this will likely apply to most of the other alt coins.
I don’t think there will be a persistent uptrend to the new ATH in May.
Look at the Aug-Oct period of 2024. We can call those 13 weeks of trading in the range (amber rectangle) an “accumulation” phase. Now we are only 7 weeks in a similar phase. There still can be a dip lower but more likely it will trade in the range for 4-8 more weeks - this will mostly depend on news rather than on any TA stuff.
What will be the range. More likely than not it will be the range of the yellow rectangle. If news background is too good it may extend the range to the pink rectangle. Also it is very likely ETH will test bottom of the yellow range again.
I’d say sell (not necessarily short) in the end of April - early May. Or accumulate and hold through these period.
I’ll likely sell some of the weaker coins and hold / accumulate liquid ones.
