Catching knife is not my habit but there is an interesting setup for me.
Interested ?
we had too many #ENS trades at bottom but you have been shaken out due to the fluctuation of bitcoin.
Rule: Respect the strength/weakness in High Time Frame.
Spot Ethereum ETF projected to launch by July 2nd
Time to pay attention in Ethereum family.
In Summer 2020 with 4th Halving, BTC almost moved in a big range 8k-12k.
The max pain that time was there were 3 times of Long liquidation cascades before a real bullrun started from 10k to 60k.
To hit billions of liquidation, It must be in bullrun with mass of new retailers joining market.
Trading below ATH is not called BULLRUN.
Above 66666, funding turned positive
Below 66666, funding turned negative.
The range already took 100 days. Bulls Bears could not take over other.
To break this range, market has to print a HUGE FAKEOUT first ( Long wick in High time frame)
Ethereum ETF will start trading in few days but nobody talked about ETH anymore.
hype gone . . .
I have studied rallies of ETH betas in crypto history. They often took 50-70 days at bottom zone. #OP #APT #LDO
Now I think the chosen one is #ETHFI
10$
Bullrun is when liquidation cascade hit billions of dollars.
At the peak of 2021, It's about 6B$ Long liquidation in one candle.
Pro-Tip:
There will be Sale-off in future (Weeks or months).
A liquidation cascade about 500M-700M$ Long Positions is the sign to you to start shopping.