Then update the situation #ETH
Short and Long term.
Consider that this post is very long and requires focusing on linking data from various quotes, if you are not free, you shouldn't read it.
ETH will drop to the "maximum pain" level of $1495.
I said on March 24 when the price of ETH was $2010 that it would test back to $1600-1745, the probability is 60%
$1495-$1550 is 20% while another 20% will fly straight up above $2000 and just go sideways but it has tested down to $1749, just $4 away from my predicted price of $1745.
Thought it was all over?
Not yet because BTC is still above $80,000 so ETH is nothing more than a normal altcoin AND BTC is also nothing compared to the world economy which is very "Chaotic" and unstable.
Surely many of you are feeling frustrated holding, remember back to your thoughts 3 months ago when ETH had an ETF fund, everyone was shouting to buy, too many good news expected to rise to $7000-9000 right?
I see a lot of large buying force around the $2100-$2800 range, I call it (the peak zone) strong resistance on the current 1w candle.
Just act as if you bought at an average price of $2500. (Even though I know that few bought at this price, mostly $3k)
Around $2500, the buying mentality is to win, right?
Now around $1780, the mentality is just hoping to return to shore, waiting to break even, right?
In a few days it will return to 14xx->1550$ (30% down), extremely scary, just hope to reach $2000 to cut losses is also fine.
That is known in investing as "Formative Psychology"
When the price rises again, forget the current pressures and want to hold up to $9,000
At this point, many people with long-term strategies will DCA at the $1600-1700 range and they won’t sell.
That is the power of DCA
You guys are all in one entry and Futures ETH vol high will be scared during this period.
The current price of ETH is in the BearMarket range of 2021. The "strong support" zone according to the year, not the month.
If the buying force is still too strong, there will be some news being hacked and some big bad news similar to last month to pressure you to release your holdings.
Summarize according to "my assessment"
Continue to Hold ETH with a target of min $5000, max $8900 in 2025. By 2026, it could reach $15k.
This phase is about accumulation, not distribution.
And remember clearly that.
Short term
No matter how much ETH costs, it will only rise when and only when BTC hits the range of 74-77k
If it gets worse, it will increase at the price of BTC 51-57k.
I will call when the market hits the bottom, or when there is "unexpected good news" happening on Binance.
And at that time, I will also call exactly 3 altcoins that I have checked very carefully, "BUT NOT CALL PUBLICLY ON THIS BINANCE"
Conclusion:
1. hold spot just hold
2. If you can DCA, then DCA $1495-1745
3. Ignore the news
4. Futures should gradually retreat reasonably
5. Margin should calculate the liquidation price of ETH below $1400.
Anyone can write an analysis thanks to AI tools, but writing a quality article requires data and understanding many market factors, crowd psychology, macroeconomics, and even just calculating the probability of occurrence or not, but not everyone dares to detail the numbers and use many affirming words.
You should notice that my analyses are as accurate as possible to have the best entry.
The decision is yours
Above is my personal assessment.
Repost with credit, please.
Best regards.