Ethereum | Critical Situation (Strong Opportunity Developing)There are many, many good altcoins right now, great buy opportunities and we should definitely focus on the positive side, but, we cannot ignore the Crypto-giants for too long.
👉 Money flowing out of Ethereum will flow to the smaller altcoins.
The situation with Ethereum is critical. While it dropped already almost 50% from its March 2024 high, there is still another ~40% drop, incoming, from current price.
Again, this is a positive development for the cryptocurrency market.
➢ Ethereum reaching lower prices will allow for many new participants to enter the space, and this is good.
➢ Ethereum moving lower will make it more affordable for developers to develop new projects; thousands and thousands of projects are being developed on the Ethereum network.
➢ Once the bottom is hit, a very strong LONG/bullish opportunity will develop, and this is all very good.
Ethereum's situation is critical according to this chart. It will be a flash crash and is likely to start this very same month.
Bitcoin sideways is needed for the altcoins to grow.
Ethereum is not Bitcoin, so it can go down and the market won't even know.
👉 Focus on the mid- to small cap. altcoins.
Look for the ones trading near support or at all-time lows; with these, you can't go wrong.
Those trading high up, as this pair is, ETHUSDT, stay away.
Only after the correction is over you can consider buying again.
This is just a friendly reminder.
This thing is going to crash.
Stay safe!
Namaste.
