#ETHBTC | MONTHLY TIMEFRAME UPDATE
Looking at the #ETHBTC chart, you'll notice that the price has been in a downtrend for the past 600 days and has now reached a critical level on the monthly timeframe.
Based on this, we could anticipate a potential bounce from the 0.02304 - 0.0200 zone.
That being said, I will never claim this is the absolute bottom for #Ethereum. This is simply an analysis for you to consider in your own trading—always do your own research.
If you've studied past market moves, you’ll know that no asset has a definitive bottom or top. Remember when Solana dropped from $257 to $10? Or when ETH plummeted from $4,100 to $1,800? Trying to catch the exact bottom is a losing game, and setting unrealistic expectations will only lead to failure.
The key is to have a solid plan for executing your trades. Don’t go all-in at what you think is the bottom—it might work short term, but in the long run, it’s a losing strategy.
Looking at the #ETHBTC chart, you'll notice that the price has been in a downtrend for the past 600 days and has now reached a critical level on the monthly timeframe.
Based on this, we could anticipate a potential bounce from the 0.02304 - 0.0200 zone.
That being said, I will never claim this is the absolute bottom for #Ethereum. This is simply an analysis for you to consider in your own trading—always do your own research.
If you've studied past market moves, you’ll know that no asset has a definitive bottom or top. Remember when Solana dropped from $257 to $10? Or when ETH plummeted from $4,100 to $1,800? Trying to catch the exact bottom is a losing game, and setting unrealistic expectations will only lead to failure.
The key is to have a solid plan for executing your trades. Don’t go all-in at what you think is the bottom—it might work short term, but in the long run, it’s a losing strategy.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.