A sharp growth of almost X2 earlier this year granted Ethereum an opportunity to take hold above major support levels.
ETHUSDT gladly took this chance. Now the price is staying above the 2100 - 2400 support zone.
If you are looking for a safe way to X2 your capital this year, you should definitely consider buying Ethereum in this price range.
In fact, there are two possible options of further price movements:
Orange path(~33%): light touch of the support zone, followed by a sharp pump upwards towards the 3200 resistance by the month of August 2025.
Then some consolidation there and continuation with the coming of Autumn (traditionally bullish season for crypto).
Red path(~66%): a full-fledged dive in the support zone, down to 2150 (shadows can even reach 1950 zone). It will take more time, but allow people to build more proper positions, if they have not done so already.
This dive can also help in gathering liquidity (from liquidating early LONGs with high leverage, everything with lev. higher than x6 will be washed down) that will later be used for pushing the price higher.
As you could understand, I'd prefer the second option, but those who know Ethereum erratic behaviour they just... know. I will start accumulating
ETHUSDT once it reaches 2450 and will continue doing it down to 2100 using x5 leverage (if such price will ever be achieved).
Target is 4500 - 5000. Being realistic here.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
