ETH looks like its playing out a classic head and shoulders , my target would be close to the local top we put just under ATH .
ETH pullback was clear as when BTC approached its all time high we also pulled back and consolidated for a while. We are in a raging bull market but dont forget, nothing just keeps going up. Low leverage and you should be able to sleep through these drops.
BTC ATH pullback (-20%):
ETH ATH pullback (-33%)
Notice how ETH reacted with the major support after that large drop, can it drop more? Sure can, but I took some positions and I am ready for it to go lower and will add! When BTC broke its ATH in 2017 and just recently we did over 100% move. If ETH follows suit, I will be cashing out.... I mean we are in a bull market. This aint financial advice
ETH pullback was clear as when BTC approached its all time high we also pulled back and consolidated for a while. We are in a raging bull market but dont forget, nothing just keeps going up. Low leverage and you should be able to sleep through these drops.
BTC ATH pullback (-20%):
ETH ATH pullback (-33%)
Notice how ETH reacted with the major support after that large drop, can it drop more? Sure can, but I took some positions and I am ready for it to go lower and will add! When BTC broke its ATH in 2017 and just recently we did over 100% move. If ETH follows suit, I will be cashing out.... I mean we are in a bull market. This aint financial advice