Ethereum Correction Is Soon To Be Over

in investing •  last year

Ethereum is still in the deep correction after the two-week rally from $130 to $400, and it is now trading right in the $250-$270 price zone that we pointed out as the initial target for the move. A further break lower could possibly trigger the test of the $235 or the $200 level, with the latter representing a 50% pull-back. The long-term picture is approaching neutral now, and the correction could soon be over, as the short-term indicators are already showing oversold readings.

I'd recommend accumulating more a position now, and if it breaks the $235, double down on that added position. This next rally after this correction will be greatly profitable.

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Gotta risk it to get the bisquit right?! Thank you for the reassurance of future gains after this correction. Next stop, to the moon!

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I hope that in the end of the year it's gonna be worth as much as BTC now ;)

There's a big rumour that there will be another EEA announcement on the 30th of June. Hopefully that will pull Ethereum out of this nosedove its been in recently.

We've always seen a bull run after the previous announcements so hopefully this one will have the same impact.

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Yeah, tbh part of me is kinda considering selling my condo and renting instead....I could drop $100,000 into a basket of cryptos and HODL for a few years...

Maybe 5 years, it'd become a mansion paid off and a large portfolio...followed soon by early retirement.

I already made like 3x my money on the property since I bought it in 2007.

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LOVE IT!!

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I highly recommend you don't do that! Obviously it's your money and life, but you should never invest more than you would be willing to lose.

It could essentially go up in flames! If it works it's going to be absolutely glorious though :)

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I don't think it could possibly be a lose...those willing to take the biggest risks will reap the highest rewards.

Thank you for this info, followed !

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Ty for the follow :) Appreciate it. Did you make any big moves with the market developments today?

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I already had all invested in certain projects :)) so only HODL

looks like it would bounce from the 50% retracement support :)

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I am making a purchase now, and possibly another if it goes below $225. Wish you all the best <3

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Thank You

and Good Luck :)

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Quite a move it made today...but it still had support. I think the big price move is soon, next couple days should be interesting :)

Hope you're right !
Followed

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Thanks, I do quite a lot of work finding the best info on the interwebs to make my trading decisions....if these posts end up doing well, I'll keep putting up the effort to post em :)

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