Ethereum, one of the leading names in the crypto money market $4,300.67It was stated that he could experience a small retreat in the coming days. Fundstrat’s founding partner Tom Lee announced that they expect Ethereum to withdraw to $ 4,075-4.150 in the middle of the week. This view was based on existing technical analyzes in the crypto money market.
Market Analysis and Expectations
According to Lee, Fundstrat Analyst Mark Newton thinks Ethereum’s recent horizontal movement has not yet been completed. Newton predicted that within the next 1-2 days, the price would test the $ 4,075-4.150 band with a short-term withdrawal.
This assessment by Newton was associated with the developments in the technical indicators of Ethereum. According to the analysis, such short -term corrections in the market can be seen before the upward movements of asset prices.
Technical Approaches
In the analysis of Mark Newton, withdrawal was realized in accordance with the Elliott wave model. It was emphasized that this situation does not point to a major problem in general, but could be seen as a healthy market movement.
Mark Newton said: “We are evaluating that withdrawal is progressing in accordance with Elliott wave molds and does not point to any big problem.”
The statement said that such retreats may positively affect the risk of risk and return balance for investors. Especially in the medium term, the opinion that higher price movements can prepare the ground was shared.
Tom Lee: “These corrections can offer good opportunities for investors.”
What does it mean to investors?
The evaluations are that short -term fluctuations are natural for Ethereum investors and that the current decline potential will not pose a significant risk in the long term. If the price is withdrawn to $ 4,075-4.150 in the middle of the week, it is predicted that a new rise may be possible in the following stages.
According to experts, such corrections within the framework of technical analysis are considered to be positive for the health of the market. In addition, it is stated that investors can consider these periods as an opportunity to buy these periods.
As a result, Ethereum is expected to go down to $ 4,075-4.150 with a slight decline in the near term. Market analysts think that this process is part of the usual market movements. Following the correction, the positive course in Ethereum is expected to continue.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
