30% drop in ETH in the next month?
Weekly candle hasn't closed yet but it's seeming increasingly likely to be a bearish engulfing candle, indicating further downside. Target price is likely to be somewhere between $2500 and $2100 before we're bullish again. This would probably coincide with a 43k to 40k price in Bitcoin.
This would set us up for a strong move upward before the end of the year and an end to the bull market in early 2025.
This would set us up for a strong move upward before the end of the year and an end to the bull market in early 2025.
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