ETH Bullish over the coming months

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Now that the BTC ETFs have launched, I expect a long period of ranging sideways price action on BTC. This is similar to what GLD did when it launched. It stayed in a 10% range for 300 days.

I think the play now is ETH with potential ETF launches for ETH as early as May.

Watch BTC/ETH chart during this period.

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Ghi chú

We also swept the June 2022 low, as shown on the yellow line, which is bullish.