Ethereum
Reading time: ~2 m
Smart Contracter monitors the movements of large ETH holders and believes that Buterin’s crypt will grow sharply.
Smart Contract – the same person who predicted the fall of bitcoin in 2018. Now he is talking about the growth of the ether.
ETH is in correction and ready for growth:
ETH/BTC just hit a six-month low, just 3% below my main buying zone.
Not in the circumstances in which I expected it to happen (I thought ETH and BTC would fall, but ETH more so), but there is no chance that I will miss the coming monster rally in ETH.
The contractor looks at the ETH/BTC chart. And here is his explanation: ETH/BTC is correcting down and has almost touched Fibo support 0.618. This level is called the rebound point.
The trader also looks at the movements of the top players. He studied the Santiment data. According to them, in 2022, sharks (it’s like whales, only smaller) accumulated 3.6 million ETH worth $6.1 billion. Big number. The whales themselves (addresses with 10,000 – 10,000,000 coins) got rid of 9.4 million ETH in 2022.
Finally, Elliott waves are also for the growth of the crypt. Waves reveal the behavior of a wide audience. Here the ground is ready to move upwards.
#Smart #Contracter #big #Ethereum #rally
