As I mentioned in last week’s newsletter, I think there’s a decent chance we see a $1,200 ETH by the end of March.
There are no guarantees of that, but there is a ton of confluence at $1,200.
And as bad as a $1,200 Ethereum may sound, let me remind you that ETH was $135 on this day last year.
Going from $135 to $1,200 in 12 months is hardly an underperformance.
For now, ETHUSDT is catching a bid at $1,570, which I mentioned yesterday on Twitter.
A daily close below $1,570 would open the door to $1,400 with a close below that exposing the confluence of support at $1,200.
Dips are buying opportunities, in my opinion.