Highlight from today’s Discord Pre Market Call:
@PlutonicXBT sees a clear bullish setup for #Ethereum. While #Bitcoin and #Solana are harder to read, $ETH has strong catalysts in its corner like solid inflows, support from $USDC, and a recent pump in Coinbase stock. He wouldn’t be surprised to see an early-week dip followed by a sharp rebound. If you’re thinking about hedging, ETH probably isn’t the one to short.
That said, the chart has been stuck in a tight range for weeks. ETH is sitting at a key zone that has triggered big moves every time it’s been tested. Snorlax’s view is simple: ETH needs to break higher and the setup suggests it might.
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