In the case of Bitcoin, there is little ETF inflow and MSTR / Metaplanet is not making aggressive purchases, but for Ethereum, I believe there is still a huge buying pressure due to the enormous ETF inflow every day, the cash accumulated by Sharplink, and the cash generated by Bitmain's $20B super ATM project.
So, depending on how many SER stocks are traded during the Nasdaq opening hours today/tomorrow, I think the rise of Ethereum is at stake, and I believe it is possible to update the peak since there are not enough sell orders.
However, currently, both Bitcoin and Ethereum have their weekly peak at an integer level. Therefore, according to the weekly integer theory, if the peak is not updated by 9 AM next Monday, I think it is right to reduce the risk unconditionally. Looking at how Ethereum dropped to the $3300 range from $3941.00.
In summary, while Bitcoin may not, there is a possibility that Ethereum will update its peak within this week, but if the weekly peak is not updated by 9 AM next Monday, reduce the risk unconditionally.
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