Will Ethereum ETH drop again and reach $300? The dump continues. Believe it or not, we expect Ethereum ETH crypto to drop much further. There is room to reach $300 and even lower in the following months, probably during the year 2022. Both Ethereum and Bitcoin cryptocurrencies are being dumped big time.
Ethereum’s price today is bearish and trying to reach $1,197, where we will probably see some reaction. Long-term shorts on Ethereum crypto. Everyone was talking about the merge a few days ago. Ethereum merge will not affect the sell-off we’ve been expecting on this crypto.
We can’t have ETH rallying forever and ever; it’s unsustainable. You can use smaller timeframes to trade ETH using intraday strategies, but remember, there is a short bias. You can use crypto futures to buy and sell cryptocurrencies with higher leverage.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and cryptos.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
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