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Technical analysis by GigaJak about Symbol ETH: Buy recommendation (9/9/2024)

https://sahmeto.com/message/2593478
GigaJak
GigaJak
Rank: 25671
1.4
Buy،Technical،GigaJak

Using Fibonacci and lower support lines I'm seeing something like this playing out. Ethereum bounces around above the lower support until November and then picks back to 3360-3600 after Trump's elected. From there I think we move sideways some more, but shortly after reach a new ATH around 5150.Basing some of this on ETH's underperformance compared to BTC, yet nearly all the crypto development this year seems to have been centered around Ethereum. Also I recall BTC value dropped significantly shortly after the ETF's opened in January and now something similar has happened with ETH. Anticipating significant increased ETF inflows considering how undervalued it is and as rate cuts take effect.Let me know your thoughts!

Translated from: English
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Signal Type: Buy
Time Frame:
12 ساعت
Profit Target:
$2,873
Stop Loss Price
$2,150
Price at Publish Time:
$2,363.54
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