I know that on different telegram channels there are different stories that one day ETH will overtake BTC in capitalization 🎪
Such statements bring nothing but laughter to me :)
Just look at the $ETHBTC pair on a weekly time frame and you will see that every bullish cycle ETH depreciates against BTC. And this trend will continue. And this applies not only to ETH, but also to any other altcoin.
Yes, Ethereum now plays an important role in the crypto world, but we will not be fed up with Ether alone. Others are already replacing him.
⚠️ Remember, altcoins are designed to take your $BTC
However, during a “bull market” altcoins show higher returns in%, the most important thing is to get out of them in time. But if you subscribe to me, then you don’t have to worry: you will have time to enter and exit the market on time.
In 2022 An important event took place in the Ethereum blockchain, as a result of which the blockchain was divided into ETH (PoS) and ETHW (PoW).
EthereumPoW $ETHW is a hard fork of the Ethereum blockchain with the Ethereum merger. As a result of the merger, Ethereum switched to proof of stake, while the forked version remained at proof of work.
In fact, the current $ETH (PoS), which the masses buy for the most part, is a typical token of capitalism, where the more ETH you have, the more power you have in this network. Personally, in this bullish cycle, I give more preference to $ETHW, since this ether will at least be in demand from miners, as well as from other investors who will eventually begin to understand the difference between Proof of Stake and Proof of Work.
🛠 What about technical analysis?
From historical highs, the coin fell by -95%, but the coin is already starting to come to life and is beginning to develop bullish patterns. In the worst-case scenario, it is worth considering a drop of -60% from the current price (in the event of an emergency in the market). The coin received support at the $1.2 level, testing this level three times and forming a bottom. You can already see how ETHW is being traded in large volumes on the market, and on several exchanges at once. The coin is interesting for a medium-term long on spot.
💼 Buy ETHW for your average overnight portfolio.
🔎 Тикер: $ETHW/USDT
✳️ Entry price: $3.6
🛡 Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 5% of the crypto portfolio + 4-5% reserve in case of averaging if an emergency occurs in the market.
🎯 Objectives:
$7.4 (in the coming months);
$25.8 (until the end of 2024)
In the long term, the coin can go higher, so I’ll outline the long-term goal later.
📈 Transaction growth potential: up to 700%
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
#Ethereum(ETH) #TrendingTopic #Portal #ETH #Altseason
