ETH — ROAD TO 1000$
After analyzing the bitcoin situation, I would like to note the situation with ETH. This asset has not been pummeled by big players, so it has not yet managed to reach its ATH. I believe that in the near future it will not be able to do so either.
A large number of long positions will also prevent us from going higher, but in the case of ETH the situation is much better. At the bottom there is only one significant liquidity cluster in the range of 1500-2000. Further everything is very well traded up to the level of 1000, so even if bitcoin suddenly goes below 15000 ETH is obliged to stay above its previous global break around the level of 1200-1300.
A squeeze up is possible if bitcoin makes a final push upwards and as a consequence the last remaining liquidity will be collected up to the level of 4250 at the most for ETH.
I expect a reversal of the asset and correction to 1200-1300.
A large number of long positions will also prevent us from going higher, but in the case of ETH the situation is much better. At the bottom there is only one significant liquidity cluster in the range of 1500-2000. Further everything is very well traded up to the level of 1000, so even if bitcoin suddenly goes below 15000 ETH is obliged to stay above its previous global break around the level of 1200-1300.
A squeeze up is possible if bitcoin makes a final push upwards and as a consequence the last remaining liquidity will be collected up to the level of 4250 at the most for ETH.
I expect a reversal of the asset and correction to 1200-1300.
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