Ethereum Bear Market Bottom Is In: Analyst Eyes $7K Long-Term
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Pseudonymous trader NoName says Ethereum has entered the historical bear-market bottom zone, citing four straight lower highs as technical evidence the downtrend may have run its course. He is buying the dip with a long-term ETH target of $7,000 and notes that crowd psychology which pushed ETH to $4,900 is now pressuring the token below $2,000, highlighting crypto market sentiment and token performance implications.
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Pseudonymous crypto trader NoName says Ethereum has just crossed into the price zone where its bear market has historically bottomed, pointing to four straight lower highs as proof the downtrend has run its course.
The trader, who is buying through the dip with a long-term target of $7,000, argues that the same crowd psychology that made ETH everyone’s favorite trade at $4,900 is now working against it below $2,000.
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$ 1.86K
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$ 1.86K
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In This News
Coins
$ 1.86K
-0.97%$ 1.86K
-1.15%Predictions Markets
See what traders are focused on
Share:
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