According To me Ethereum Looks Weak

[carlfebz2]

Shingai upgrade is going to launch soon and 15% of all staked Ethereum will be unlocked. This volume is not big as compared to all staked Ethereum because only 15%percent will be unlocked. according to survey 25% users are looking to sell immediately after Eth unstacked while rest are still in profit and there is high chances of holding.  This upgrade will obviously affect the price of Eth but at the same time big fan of Eth will be looking to buy at low rate and we may not see big fall in price. Red candle will not be remained for long term, and it will rise again shortly.

There are two scenarios at this time. first one mentioned above that most users will sell unstacked Ethereum which will affect Eth price badly. according to this scenario OP is right in saying that Ethereum is looking for week this time. second scenario is that more people will buy Ethereum to stake which will increase number of staked Ethereum from previous one. in this case Ethereum will become stronger and there is possible big green candle.

I do believe that there might be some slight correction or selling out of those users who had been able to get hold of their coins after a long time. This current shanghai event would definitely give out the chance
that they could really be able to sell their coins which im anticipating that it would be giving out some slight dip and the rest further would be having that pump but not really something that we could be able to know.

Ive been holding ETH too in my bag which are intended to be hold for long term alongside with my BTC holdings. We cant really deny that sitting #2 in overall market
rankings doesnt mean nothing. It does have that potential which we could be seeing to be more high in value on upcoming cycles to come.

[Gladitorcomeback]

second scenario is that more people will buy Ethereum to stake which will increase number of staked Ethereum from previous one. in this case Ethereum will become stronger and there is possible big green candle.

I do believe that there might be some slight correction or selling out of those users who had been able to get hold of their coins after a long time. [/quote]

Scenario two worked and number of buying volume was more than sell pressure. Most of the analyst was thinking about dip but Ethereum become more stronger and finally hits 2000$. This is much positive for Ethereum along with all major altcoins because we have seen 5-10 percent rise in all major coins (Matic, Arb, OP, APT, Avax)

Ive been holding ETH too in my bag which are intended to be hold for long term alongside with my BTC holdings.

Its good decision to hold for long term. These two are safest coins and can survive in any market situation. We may see many bull and bear market but you should not be worry about price because ar the end only strong holder will win. i am student and not able to hold yet because of family situation.

[FUCKBSVFUCK]

According to your chart and charts you can say that bitcoin is still not too weak.