source avatarRawl

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Not changing my ETH view in any way for this year, we were bullish then and we are still bullish now, but that might not last long, because somewhere around 3,000 towards let's say 3,200 (acting as a deviation) we can enter into a prolonged distribution that will lead us back to under 2k later on, which IMO will be the once and for all last good entry point we will have on ETH. To be more precise it will retest the lows, and depending on the magnitude we can get two entries, a mild case somewhere around 1,900 and a more aggressive case down to 1,700, basically a 40-50% correction from the point where we put in the next local top. But be aware it will happen fast and also come back up even faster. Remember this is just a plan. For me every entry point under 2k on a multi-year scale has been a good area to get a nice average price, and whenever we get back under 2k later on it will once again be an opportunity.

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