$ETHBTC $ETH $ETHUSD: Short thread- I've been a big #Ethereum doubter for the summer, meaning that I think that ETH is going to go lower given the market history. That said, a lot of smart guys are thinking the opposite. I need to check my own bias and DO MY OWN RESEARCH
First, here is the reason why I think $ETH will go lower in the summer. The last few summers has not been nice to $ETHBTC or $ETHUSD. #Ethereum pulls back in the summer, much like $BTC does as well. In short, ETH goes down w/ both pairs in the summer.
WHY THIS COULD BE DIFFERENT: Notes on charts. I need to see where price forms the high on $ETHBTC. $ETHUSD I actually do believe will test $300 in the near future but as for the summer- I have no idea. $ETH does look a bit like accumulation rn I must admit.
Generally I trade level to level but as an #Altcoin trader, I must understand the best environments necessary to trade $ALTS. $ETH has been the market leader for alts in a generalized sense so inspecting this coin is important IMO.
While I personally believe that $ETH will probably follow the previous few market cycles of going down in the summer, I understand that there are also some important FA developments. #Ethereum 2.0 is coming out, there are some big movements in terms of big players filling bags
and it looks like ETH is getting accumulated on a big level w/ glassnode. I have an ETH bag myself that I will be watching closely. While I do think that $ETH will go lower in the summer, I very much hope I'm wrong bc strong ETH = strong altcoin market IMO. We shall see!
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