I'm currently bullish on Ethereum (ETH) due to several key fundamentals aligning with this bias:
1. Upcoming network upgrades: The Ethereum ecosystem is preparing for the Cancun-Deneb upgrade, which is expected to improve network efficiency and scalability.
2. Institutional interest: There's growing interest from institutional investors in Ethereum, potentially driving increased demand and price appreciation.
3. DeFi and NFT growth: The continued expansion of decentralized finance (DeFi) applications and the NFT market on Ethereum contributes to its utility and value proposition.
4. Potential ETF approval: The possibility of Ethereum ETFs being approved could open up new avenues for investment and liquidity.
5.Technical indicators: Recent price action suggests a potential bullish breakout, with support levels holding strong.
To capitalize on this bullish outlook, I'm employing a probability-based approach for entering long positions.
2W:
1H:
57.50% probability, reaching ATH!
1. Upcoming network upgrades: The Ethereum ecosystem is preparing for the Cancun-Deneb upgrade, which is expected to improve network efficiency and scalability.
2. Institutional interest: There's growing interest from institutional investors in Ethereum, potentially driving increased demand and price appreciation.
3. DeFi and NFT growth: The continued expansion of decentralized finance (DeFi) applications and the NFT market on Ethereum contributes to its utility and value proposition.
4. Potential ETF approval: The possibility of Ethereum ETFs being approved could open up new avenues for investment and liquidity.
5.Technical indicators: Recent price action suggests a potential bullish breakout, with support levels holding strong.
To capitalize on this bullish outlook, I'm employing a probability-based approach for entering long positions.
2W:
1H:
57.50% probability, reaching ATH!
Trade attivo
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.