Alright, time for an $ETH analysis. It's been too long. But my interest faded at the time. Now I'm interested again at these prices (the glorious 1500-2000$ range).
We called the bottom on $BTC at the very day of the initial low, around 77k, which aged quite well. And after $BTC comes $ETH, that is true for tops, but also bottoms. So now, it's time to call the $ETH bottom and confirm it.
So aside from the $BTC bottom call being confirmed IMO, $ETH also has a clear range where it has performed a false breakdown into the most key initial breakout monthly POI. It also has very clear equal highs at 4000$ which are primed to get revisited.
Finally, we are in the speculative stages of the cycle, $BTC.D is topping out and $DXY has shown its weakness on the high timeframes all as discussed before, and you know my stance on $BTC and you know why I have a large long position (a breakout is coming).
So all things combined, a $BTC move up with a decreasing $BTC.D means that $ETH naturally takes up a larger share.
Sentiment is as bad as ever, and the fundamentals have been unchanged.
All things combined, this bottom call is very useful here. From a cyclical standpoint, $ETH is only up 2x from its stone cold cyclical bottom, yet we are already in the final year of the cycle.
That makes $ETH cheap at a late time, which is why these times maximize opportunity and why holding $ETH minimizes risk adjusted opportunity cost these days.
NFA, but this indeed is not a time to be bearish.
And I think this bottom call will age as well as our $BTC bottom call.
We will see.
FOLLOW @Lala_Crypto FOR DAILY REAL TIME ACCURATE ALTSCOIN SIGNAL SET-UP AND MARKET INSIGHT !
#BinanceAlphaAlert #AirdropStepByStep #AITokensBounce #BTCRebound #AbuDhabiStablecoin
