🌐Today, Ethereum ETF. (⚠️The cryptocurrency market may be in a frenzy once the results are announced, so be careful with your positions ⚠️).
🔔Bitcoin Bitcoin ETFs He was hired.
Time Bitcoin ETF approvedBitcoin is about ➖20% this Fixes Continued Approximately 12 daysThis event is referred to as the “Buying rumors and selling news“.👇”
💡That is, if Ethereum ETF Approved, Ethereum will correct for a while like Bitcoin did.
📊So, Ethereum Chart.
🏃♂️Ethereum succeeded in breaking 🔴Heavy Resistance Zone🔴 (Currently 🟢Heavy Support Zone ($3,580-$2,930)🟢) of Ethereum with the help of Classic Falling Wedge PatternIt is currently hovering around the resistance zone ($4,380 to $3,950)🔴.
According to 🌊 Elliott Wave TheoryEthereum is Main wave 3 microwave 3Ethereum appears to be nearing completion Main wave 3 microwave 4 right now.
📈So, ETHBTC Look at the chart, Ethereum to be influenced The growth or decline of the cryptocurrency market.
📈ETHBTC Looks like they're trying to destroy it Important resistance levels and Resistance ZoneThis bodes well for Ethereum and most altcoins. As the cryptocurrency market begins to expand, Ethereum is likely to capture a large share of this increase. Alto Season.
📈But for now ETHBTC Needs to be fixed Support Zone or Fibonacci Lines.👇
According to 🔔 The above explanationif you want to add Ethereum and Other altcoins What's on the Ethereum network? portfolioBetter to wait until Ethereum hits 🟢.Heavy Support Zone ($3,580-$2,930)🟢, if ETHBTC If you fix both at the same time, the situation will be more optimal.
🔔If you want to open a position in Ethereum, Short PositionBecause if Ethereum ETF approvedThe same scenario as Bitcoin could happen, and if it UnapprovedThe possibility of falling Very highSo the risk of a short position may be lower now. What's your idea❗️❓
❗️⚠️Caution⚠️❗️: If the Ethereum ETF is not approved, it is better to wait as there is a high chance that Ethereum will lose its 🟢.Heavy Support Zone ($3,580-$2,930)🟢, this shock will also have an impact on Bitcoin and other tokens.
❗️⚠️Note⚠️❗️: The key point to always remember is capital control and lack of greed.
Ethereum Analysis (ETHUSDT), 4 time frame ⏰.
Don't forget to place a stop loss on your positions (all the positions you want to open).
Follow your strategy, this is just my idea and I would be happy to see your ideas on this post.
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