Part 2/4:
The presenter believes that ETH/BTC is getting very close to a bottom, and his base case is for it to bottom within the next two months, potentially by the end of 2024 or mid-January 2025 at the latest.
This view is based on a pattern he has observed over the past two cycles, where Ethereum sets a high early in the bull market, followed by a lower high, and then a low is set. This low becomes important later in the cycle.
The presenter believes that if Bitcoin continues to follow its cyclical view, it could lift Ethereum up with it, potentially taking it as high as the prior all-time highs. However, he acknowledges that his views on ETH/USD have been wrong and that he has started to hedge his position by holding some Ethereum.
The Potential Downside for Ethereum
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