ETHUSD in a possible Stalemate

Looks like we have seen an ATH for now, this isn't coming from a long Bull Run Cycle that we saw in the previous 4-5 months, but the analysis seems to be following Fibonacci Levels. Last week we saw ETH and BTC touching new highs, with the advent of new Traders/holders coming from all sort of areas, who maybe followed Elon's Comments of Cryptos, however, looks like ETHUSD is only following the Fibonacci Retracements at this stage. We at chainassets.capital are still very optimistic about BTC and ETH, and we truly believe that the Demand and Supply model is eventually going to play out in all our favor.

For now, BTC and ETH both seem to be doing what they need to do as per the basis of Technical Analysis.

ETH will find the support at $1250 range and will start the new bull cycle for there. It may go under a consolidation with its top being $2000 and Low being $1250, but one thing is for certain and that is, ETH isn't bullish on Shorter Time Frames.

For now, We at ChainAssets.Capital will be more confident in taking Short Calls and avoiding Long Calls will be a safer Bet.

NOTE: Never invest more than 1% of your capital when Trading with leverage. Always be prepared for the worst and be ready to avergae out your positions if things don't play out your way!