Ethereum potentially can drop up to 1400

11 Okt 2023

Hi guys, let's review the current situation on Ethereum.

Ethereum failed to rise to 1700 and instead dropped to 1550 price. Ethereum is looking surprisingly weak at this point. Usually it follows Bitcoin but this time small drop on BTC causing big drop on ETH. At this point I'm extremely bearish on Ethereum and think that in couple months it can drop to 1200 or even lower prices.
Short term it's possible that Ethereum can rise to 1640 price but I don't see that it can rise higher than that. Mid term Ethereum is likely to trade around 1500 price or lower. In case if Bitcoin drops to 25250 then Ethereum drops to 1400.

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16 Okt 2023

Catatan

Ethereum is rising following Bitcoin pump but I don't expect that it will go higher than 1640 unless Bitcoin go to 29k.
Otherwise idea remain the same. I still expect that mid term Ethereum will go down.

16 Okt 2023

Catatan

As I indicated in recent update I don't see Ethereum rising higher than 1640 and that's what happened. Ethereum followed Bitcoin and rose up to 1640 and then dropped back with the same speed.
Basically nothing has changed, idea remains the same.