ohueno

In my opinion, this rally is a manipulation, and we’ll see a sharp correction in the near future.

Historically, it’s clearly visible that after a significant correction of 65–75%, ETH has always bounced back to the 0.382 level and slightly above. I don’t know if that will happen this time, but as soon as we approach the 0.382 level, I’ll consider closing my positions.

Looking at history, ETH corrections of 65–75% have often been followed by sharp rallies. I believe we’re in a similar situation right now. With the upcoming Pectra upgrade on the horizon, there’s a strong chance we could see this pattern repeat.At the same time, ETH is currently undervalued — not just against BTC, but also compared to many altcoins.In my opinion, ETH is the most undervalued asset in the market right now.

Turn off your fear, and look at history, maybe you'll see opportunities.

Look closely: on the left is ALTLAYER, essentially a gem of the current cycle; on the right is HARMONY, a gem of the previous cycle. What unites them? They’re united by a 96% dump. But what happened next? Harmony, from the COVID wick, did a 300x. Now, let’s think: if we cut that 300x down to 100x, it turns out that ALTLAYER could very well have a 100x potential baked into it for this cycle. But who’s going to say that right now? No one. They’ll tell you a recession is coming soon, that tariffs are an issue—basically, they’ll throw all sorts of scare tactics at you.

I think there is a good possibility of such a scenario, especially in Nov. 10-12, FED-CUT today, the exact same fake pamp was in 2019 during the second FED-CUT, let's see what happens.