A few months ago, most of the people who chased Bitcoin at 110,000 have already recovered their positions.
But how many of those who can truly hold on until now? They are probably few and far between. Looking at Ethereum's performance, based on Bitcoin's trend, ETH should be in the range of 3500 to 4000, and even a rebound to 4500 wouldn't be unreasonable. Unfortunately, reality has left many people disheartened.
As long as Bitcoin does not break 115,000, any pullback is an opportunity to go long; if Ethereum holds at 2800, it can also be a good entry point to buy low and aim for a rebound. If it breaks below, then consider going short on a high rebound.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
