Hello Traders 🐺
In this idea, I want to talk about the ETH/BTC chart, because in my opinion, ETH is already heavily oversold, and this signals a massive upward move coming for ETH. 🚀
Also, I've brought solid evidence showing that whales are silently accumulating ETH, just like they did when ETH was around $ 4000 — while right now, we are sitting at the very bottom of the cycle, far from the previous ATH. 👀
Take a look at this CryptoQuant chart, showing the ETH balance of whale wallets (10K - 100K ETH):
🧐 My Analysis:
As you can see, whales have been silently accumulating ETH since early 2023, while the price (white line) has been consolidating. 📈
This exact same pattern happened in 2017 and 2020 before Ethereum's major bull runs.
🔥 What does this mean?
✅ Whales always accumulate before the big move happens.
✅ This is a strong signal for an upcoming ETH breakout.
✅ We are currently at the bottom of the ETH/BTC chart, which gives the highest risk/reward opportunity right now.
In my opinion, Ethereum will be one of the best-performing assets in this bull cycle. 🐂💎
Don't miss it. 🚀
🐺 KIU_COIN 🐺
In this idea, I want to talk about the ETH/BTC chart, because in my opinion, ETH is already heavily oversold, and this signals a massive upward move coming for ETH. 🚀
Also, I've brought solid evidence showing that whales are silently accumulating ETH, just like they did when ETH was around $ 4000 — while right now, we are sitting at the very bottom of the cycle, far from the previous ATH. 👀
Take a look at this CryptoQuant chart, showing the ETH balance of whale wallets (10K - 100K ETH):
🧐 My Analysis:
As you can see, whales have been silently accumulating ETH since early 2023, while the price (white line) has been consolidating. 📈
This exact same pattern happened in 2017 and 2020 before Ethereum's major bull runs.
🔥 What does this mean?
✅ Whales always accumulate before the big move happens.
✅ This is a strong signal for an upcoming ETH breakout.
✅ We are currently at the bottom of the ETH/BTC chart, which gives the highest risk/reward opportunity right now.
In my opinion, Ethereum will be one of the best-performing assets in this bull cycle. 🐂💎
Don't miss it. 🚀
🐺 KIU_COIN 🐺
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Related publications
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.