Now during FUD from US Department of Finance, we saw what a sale of altcoins was - this may negative affect ETH too. A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market.
📉 From its high this year, ETHUSDT is already down -18%, while BTCUSDT is down -16%. At the moment, Ethereum looks worse than Bitcoin.
According to technical analysis, ETH has +4+5% growth potential. But downside potential is much higher up to -25-30%. Now short looks more advantageous.
Fundamentally, all factors also point to a further fall. This has been written about more than once in past ideas.
đź’ˇ Short term trading idea:
📉 Short: $1732 🛡️ Stop: $1874 (-8%) 🎯 Target: $1356, $1228 (+30%) ⚖️ Risk/Profit 1/3 💼 Volume per trade: up to 5% per trade.
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