What about #Ethereum?
The other day I saw an analysis that ETH could fall to $1000, is this possible? 🤔
I think - No.
📝The main arguments of the analysis were that ETFs #ETH will not be accepted. In my opinion, this is already laid out in the market, because at the polymarket, where people bet money on the probability of such an event, there is only a 7-9% probability that it will be accepted soon. This explains that the market understands there will be no ETH ETF in the next three months.
📝The next argument is that after the peak in 2019, ETH fell for a long time. Here, it is not at all clear why to compare with 2019, if we have 4 annual cycles, and now we are in the post-halving period.
💡I think that we will not fall below 2600-2700 this summer, even if a negative background is imposed. It should also be remembered that, unlike Bitcoin, ETH has not yet taken ATH.
The other day I saw an analysis that ETH could fall to $1000, is this possible? 🤔
I think - No.
📝The main arguments of the analysis were that ETFs #ETH will not be accepted. In my opinion, this is already laid out in the market, because at the polymarket, where people bet money on the probability of such an event, there is only a 7-9% probability that it will be accepted soon. This explains that the market understands there will be no ETH ETF in the next three months.
📝The next argument is that after the peak in 2019, ETH fell for a long time. Here, it is not at all clear why to compare with 2019, if we have 4 annual cycles, and now we are in the post-halving period.
💡I think that we will not fall below 2600-2700 this summer, even if a negative background is imposed. It should also be remembered that, unlike Bitcoin, ETH has not yet taken ATH.