Technical analysis by UnknownUnicorn285026 about Symbol ETH: Buy recommendation (7/27/2024)

For Ethereum, I believe the approximate targets could be 10k-20k based on Coinbase orders and the 1.618 Fibonacci level. I think greater growth might come from Ethereum's L2 solutions, specifically Arbitrum, Optimism, and zkSync.Trade active:Comment: During Donald Trump's speech at the Bitcoin Conference 2024, the prices of all cryptocurrencies were driven down exactly to the zones of high leverage liquidations. Now, I think it's time for Ethereum to grow more actively.Comment: I closed speculative positions on futures, as there is a chance of a crash and stop-loss hunting. For example, Ethereum could drop to $3,000...Comment: I continue to hold my short position on Ethereum with the same targets of around $3,000. Once we reach these levels, I will form a 100% spot portfolio for buying altcoins.