ETH to 3300
Updated
ETH is experiencing a volume and volatility squeeze after recent turbulence in the crypto market, which could mean a big move is on the horizon. Short term trends continue to try and break out to the upside, but get shy at and before the $3000 psychological barrier. Retail is still shell-shocked from the recent sell-off, yet institutional money continues to push higher lows. Both fundamentals and technicals lead me to predict a major breakout to the upside in the short term, past 3k and to the next area of supply at $3300 before experiencing a correction. Long-term I'm extremely bullish.
Comment
As of right now, ETH is still showing relative strength, however, Bitcoin is starting to show weakness and will likely drag the entire market down with it if a violent sell-off occurs. I've moved all of my crypto positions to cash as a precaution.
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