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Current $ETH situation for the short term Chart Hackers

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TheLordofEntry

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10,638 views • 9 months ago •via X (Twitter)

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Kyle Reidhead (Kyle Reidhead | Milk Road) explains why he agrees with David Hoffman in the short term and disagrees in the long term: "David's article: Ethereum is going to be great, but ETH won't be any good. I disagree with that. But I agree with it in the short term." "ETH is $250 billion, ridiculous for what's done on it today. Short term: HYPE is a better bet." "Long term: ETH is probably the best bet on the crypto ecosystem. Agentic payments, tokenization, treasuries, stocks onchain. Ethereum benefits. ETH has a place. We just need a lot more onchain first."
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Kyle Reidhead (Kyle Reidhead | Milk Road) explains why he agrees with David Hoffman in the short term and disagrees in the long term: "David's article: Ethereum is going to be great, but ETH won't be any good. I disagree with that. But I agree with it in the short term." "ETH is $250 billion, ridiculous for what's done on it today. Short term: HYPE is a better bet." "Long term: ETH is probably the best bet on the crypto ecosystem. Agentic payments, tokenization, treasuries, stocks onchain. Ethereum benefits. ETH has a place. We just need a lot more onchain first."

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Two truths about Bitcoin right now: Short-term: more pain coming. Target $50-55K. Long-term: macro bottom structure forming. The proof? Weekly RSI bullish divergence. Same one that called the 2022 bottom at $15K. The doomers calling for $30K? They don't see what the chart is showing. Trade the short-term. DCA for the long-term.
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Two truths about Bitcoin right now: Short-term: more pain coming. Target $50-55K. Long-term: macro bottom structure forming. The proof? Weekly RSI bullish divergence. Same one that called the 2022 bottom at $15K. The doomers calling for $30K? They don't see what the chart is showing. Trade the short-term. DCA for the long-term.

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With the Bitcoin and crypto markets down bad, are we all long-term investors now? David thinks we're in for more pain in the short term, and wonders whether #ETH will ever truly bottom
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Current market update including buys, $XRP short term target, $BTC free money @ 120k and why $ETH is underperforming Brace yourselves for a retail run into memes. It’s all about surface area. The memes that can capture that surface area will run the hardest 🚀🚀🚀
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This is Chart Hackers. TheLordofEntry 🔊
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Tom Lee's $ETH call: Short-term: dump to $2.5k Long-term: 3-4x rally to $7k-$9k by January At this time he's holding $9.85B worth of ETH with -$3B loss in uPnL Genius or lunatic?
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Tom Lee's $ETH call: Short-term: dump to $2.5k Long-term: 3-4x rally to $7k-$9k by January At this time he's holding $9.85B worth of ETH with -$3B loss in uPnL Genius or lunatic?

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