What would be the next target for $ETH after its ETFs start | CryptoTrader101 on Binance Square

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What would be the next target for $ETH after its ETFs start trading?

3500

42%

4500

28%

5000

7%

6000

23%

57 votes • Voting closed

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ETH

1,836.54

-0.29%

252

0

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$BTC Despite satisfactory announcement of unemployment data, #BTC has failed to reclaim 100k level. In my opinion, it seems like #BTC is gearing up for a retest of lower levels. 91k gave a good bounce last time. Let's hope we can hold above 90k in the retests. If not then, we could very well be touching 85-88k which appears to be a good support range. I would not call it as entering fear phase though, as this dip may be due to profit taking by the investors. With the governments stepping in to add BTC in their sovereign funds, future of crypto seems very bright. On the other side, we have been watching heavy buying in $ETH . Are we going to see the start of an alt season with the next dip? Let's hope for the best. The views expressed above are writer's personal views/analysis, and they should not be relied on or contrued as a financial advice. Do your own research and analysis before investing in the market. #BTC $ETH #NFA #DYOR

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Seems like whales are cashing in on the retail FOMO. That's the market operates, whales buy in large quantities until retails/small investors start getting interested and ..

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$BTC Whales need FOMO to offload their holdings. From the current scenario it doesn't seem like any of them are even considering offloading or taking profits. 150k might be the next real target for profit taking. #bullrun2024📈📈 #BTCNewATH #BTC

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$BTC With the expected Fed rate cuts approaching, market has been performing rather cautiously. Unless we see a convincing breakout above 62k in the coming few days until the rate cuts (if any) are announced on the 18th September, we should not be expecting any big pumps in the near future. Considering many are expecting 0.25% rate cut and with many more expecting 0.5%, the cautious approach by the market players seems rather driven by concerns about recession and slowing down of the US and the global economy as a whole. Although 0.5% rate cut would be encouraging for many, it would also signal a panic move from the Fed against saving the economy from falling into recession. I personally am being as cautious and not expecting the market to recover soon unless there is an exceptionally larger than expected rate cut. Let's not be over optimistic, and let's not fall into another trap, as there do not seem to be many factors encouraging BTC to make another move towards the ATH in the coming few months. This is not a financial advice, and please do your own research before making any investment in the market. Stay safe and do not FOMO. #NFA #DYOR #FedRateCut #FOMC

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$BTC Very High Risk Trade Long Entry 59200 - 58500 SL - 57648 TP1 - 59800 TP2 - 60200 TP3 - 60800 TP4 - 61100 Enter at your own risk, do your own research #DYOR #NFA Decide yourself whether to move your SL to entry or profit as price increases. Risk only what you can afford to lose.

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