Will Ethereum survive this hot summer? Hardly 🙅♂️
Now during FUD from US Department of Finance, we saw what a sale of altcoins was - this may negative affect ETH too.
A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market.
📉 From its high this year,
ETHUSDT is already down -18%, while 
BTCUSDT is down -16%.
At the moment, Ethereum looks worse than Bitcoin.
According to technical analysis, ETH has +4+5% growth potential.
But downside potential is much higher up to -25-30%.
Now short looks more advantageous.
Fundamentally, all factors also point to a further fall.
This has been written about more than once in past ideas.
💡 Short term trading idea:
📉 Short: $1732
🛡️ Stop: $1874 (-8%)
🎯 Target: $1356, $1228 (+30%)
⚖️ Risk/Profit 1/3
💼 Volume per trade: up to 5% per trade.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market.
📉 From its high this year,
ETHUSDT is already down -18%, while BTCUSDT is down -16%.At the moment, Ethereum looks worse than Bitcoin.
According to technical analysis, ETH has +4+5% growth potential.
But downside potential is much higher up to -25-30%.
Now short looks more advantageous.
Fundamentally, all factors also point to a further fall.
This has been written about more than once in past ideas.
💡 Short term trading idea:
📉 Short: $1732
🛡️ Stop: $1874 (-8%)
🎯 Target: $1356, $1228 (+30%)
⚖️ Risk/Profit 1/3
💼 Volume per trade: up to 5% per trade.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
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