Should Traders Buy or Sell Ethereum Now?

ETH may fluctuate up or down in the short term, but prices should trend in the medium term.

Author

Markus Thielen
October 11, 2024

👇1-10) Bitcoin has been trading within a broad range around the $60,000 mark for nine consecutive months—an unprecedented stability period unlikely to last. By Q1 2025, Bitcoin is poised to break out or see a significant drop. Several upcoming events will likely influence Bitcoin's price, making this a critical time to stay vigilant rather than become complacent.

👇2-10) We have maintained a bearish outlook on Ethereum due to disappointing revenue performance and a lack of clear direction. Ethereum needs a guiding vision, and the development team needs to make more effort to communicate its narrative, leaving it to external players like BlackRock to define what Ethereum represents.

Subscribe to Market Updates to read the rest.

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.