$ETH to $3,000+ in August?
In the 2022 bear market:
June - $ETH forma cycle bottom of $881
July to August - ETH rallied 128%.
November - It pulled back but never broke the June low.
So far, this cycle is starting to look similar.
If history repeats and $1,500 is the cycle low for, ETH could rally into August and 128% move from the June bottom would put $ETH around $3,400 in August.
Let’s wait and see how this cycle plays out. Not sure about $3,400 but I think $2400- $2800 is very possible.
ETHActivation price $1,733.63Direction LongType DirectionalTimeframe Mid
Max Favorable +14.3%Max Adverse −1.2%Opportunity 0.59Time 1.00Magnitude 0.59Score 0.78
Bitcoin got rejected at the 20 DMA again.
The key level to break is $67,265 for a rally towards $74,000.
Meanwhile, if Bitcoin fails to hold the $63,640 level, a dump to $60,000 could happen next.
The FOMC meeting is happening today, so all eyes will be on it.
A bullish tone from Kevin Warsh could trigger an upside breakout, while a bearish tone will result in Bitcoin giving up all its short-term gains.
BTCActivation price $62,958.01Direction ShortType ConditionalTrigger Break Below 63640Timeframe Mid
Max Favorable +8.2%Max Adverse −4.2%Opportunity 0.62Time 0.42Magnitude 0.62Score 0.52
$ETH daily MACD bullish cross has happened.
Last one pumped ETH by 21% in 2 weeks.
A similar pump could push ETH above $2,000 by month-end. https://t.co/yzWvnaKC4O
ETHActivation price $1,809.34Direction LongType DirectionalTimeframe Short
Max Favorable +1.7%Max Adverse −16.4%Opportunity 0.58Time 0.00Magnitude 0.58Score 0.20
The BTC CME gap between $69,000 and $70,000 has now been filled.
The next CME gap is around $67,000.
$BTC could move lower to fill that gap too, with hopes of a strong bounce from that level. https://t.co/ScD2jrQXLi
BTCActivation price $69,426.01Direction ShortType DirectionalTimeframe Short
Max Favorable +14.8%Max Adverse −0.5%Opportunity 0.99Time 0.98Magnitude 0.99Score 0.96
BREAKING:
🇺🇸 $200B VanEck launches first US spot $BNB ETF, allowing US investors' direct access to BNB.
Bullish for BNB. https://t.co/UDu8igSNPw
BNBActivation price $640.21Direction LongType DirectionalTimeframe Mid
Max Favorable +16.5%Max Adverse −15.6%Opportunity 1.00Time 0.16Magnitude 1.00Score 0.58