Ethereum - big drop as early as tomorrow 🤯❗

4 ส.ค. 2021

Everyone probably already knows and expects a big update on Ethereum. Tomorrow there will be a hard fork - London. On this news, I'm sure many have bought and are expecting a rise, but we shouldn't rush, now let's understand why there is no need to rush to buy.
From a technical analysis perspective, Ethereum has broken the trend line and disrupted the uptrend structure.
The price is now moving towards the key level of $2433, which is a signal for a breakout. It is likely that the price will break this level and fall to $2,330 or even lower to $2,150.
Let's now look at examples of recent hard forks and the price reaction to them:
Constantinople hard fork - price dropped by 10%
Istanbul hard fork - price dropped by 22%
Beacon Chain hard fork - price drop of 10%
Berlin - price decreased by 20%
Backing up this research with statistics, we can say that the price is likely to drop in the next few days.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade

4 ส.ค. 2021

บันทึก

deal canceled, stats show the asset was falling after hard forks, hard forks tomorrow, will do a new update tomorrow

5 ส.ค. 2021

บันทึก

Since the opening of the day, the price has already corrected by 6%.