Bearish forecast for ETH
ETH/USD COINBASE:ETHUSD
If we were to retrace 85% from the top like last time, COINBASE:ETHUSD would see lows around the 700 dollar mark at the peak of the bear season.
It sounds unthinkable now, but the point here is to be prepared. IF it goes down to 700 USD, will you be buying/selling?
A potential event that could trigger such a dire correction would be a failure of COINBASE:USDTUSD , similar to what happened to FTX:LUNAUSD .
If I’m to tell you the truth, I’d like it very much if it happened since Tether is like a disease infecting the crypto industry.
Keen to hear your opinion as well.
Stay safe, folks.
Adri
