Is Ethereum Bottom In? Top Analyst Reveals the ‘No Questions Asked’ Level He Will Start Reaccumulating ETH

A top crypto analyst is detailing his outlook on Ethereum (ETH) amid tepid price movements in the crypto market.

In a new video, pseudonymous analyst Bluntz says that Ethereum is likely witnessing the final stage of a corrective move while trading within an ascending triangle pattern.

According to the analyst, Ethereum could print a bullish higher low setup to cap off the correction before breaking out and rallying to a fresh all-time high.

“If ETH did pop down to one more new low and wicked that level at $1,430, $1,440, I would definitely, no questions asked, be looking to buy for some longer-term bags because overall I do still think that the major bottom is in and this is probably some kind of accumulation period here [between roughly $1,400 to $2,000] and then that would then would be buying the bottom of the range.

On this next leg down, I’d be positioning myself to take longs to potentially new all-time highs.”

On the likely price action of Ethereum over the short term, the pseudonymous crypto analyst and trader says,

“Right now I think probably we’re probably still in chop here. I do think we’re probably going to go sideways for a bit longer and then break down to a new low [at around $1,430].”

Ethereum is trading at $1,595 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Leave a Reply

Your email address will not be published. Required fields are marked *