More than a month ago, we published a trade on the cryptocurrency ETH with a return of +84%. In this trade, we offered take profit (closing the position) near the $2024 mark. The local maximum was at $2029:
We warned that in this liquid zone it is better to close long positions, because a correction may begin.
Given that the transition from PoW to PoS is planned to be completed between September 16-19, we take these dates as a basis.
We suggest that another wave of ETH cryptocurrency growth is more than real.
The first target for growth is $2500, although the next liquid zone is wide at $2500-3100.
The critical point is $1300, above this level, the growth scenario is relevant, below it is not.
In mid-September, you should either keep a short stop on a long position, or partially/completely cover it, because it is difficult to guess how the market will react to the shutdown of ETH mining.
This news can both create a deficit super growth in the price of Ethereum, and the price can collapse due to the lack of a speculative price component.
