Market Context:
Ethereum
ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief:
Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF.
Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio.
Trade Setup:
Entry: Enter a trade at $3,000.
Take Profit:
First target: $3,250
Second target: $3,530
Third target: $3,700
Stop Loss: Set the stop loss just below $2,900.
Strategy Overview:
This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks.
📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
Ethereum
ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief:Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF.
Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE compared to their GBTC, as ETHE shares will be converted into the ETH trust on a 1:1 ratio.
Trade Setup:
Entry: Enter a trade at $3,000.
Take Profit:
First target: $3,250
Second target: $3,530
Third target: $3,700
Stop Loss: Set the stop loss just below $2,900.
Strategy Overview:
This strategy hinges on the anticipated positive impact of institutional involvement and reduced selling pressure, positioning ETH for potential gains in the coming weeks.
📊 Monitor market developments and adjust your strategy as needed! #Ethereum #CryptoTrading #ETFNarrative 🎯
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.