ETH/USDT - long term analysis
ETH had phenomenal year, ETH found bottom during corona dump in March 2020 at 85$ and right now, ETH is trading at 3440$, what a rallye.
But ask yourself, do you really think it´s good time for some long term investment in ETH ? I would personally wait for prices below 2000$. If my wave count is correct and we are currently in final 5th wave of one BIG uptrend cycle, then ETH should set top somewhere at 5000$ and then we should see long-lasting correction, which should take price back down, probably somewhere to 1500$.
But ask yourself, do you really think it´s good time for some long term investment in ETH ? I would personally wait for prices below 2000$. If my wave count is correct and we are currently in final 5th wave of one BIG uptrend cycle, then ETH should set top somewhere at 5000$ and then we should see long-lasting correction, which should take price back down, probably somewhere to 1500$.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.