Ethereum: Going Home

Will #Ethereum finally go home in Q4 2024?

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Disclaimer: The information presented within this video is NOT financial advice.

[lordzekze]

Back then Eth had marketcap less than 20b in 2019. Now its close to 300b. A 30-50% drop! Hard to believe.

[flyingcompanion]

IF ETH GOES HOME, WE GOING HOMELESS!!

[ericz]

Eth seems to have moved out permanently at this point

[jeradrhone]

For those nervous about this, speaking to myself as well because I know it's not easy, just look a little farther in the chart. Even if eth does go home it shoots way higher after a couple of months, to a point where it almost doesnt matter where you bought it at. So if you just plan to hold anyways, get away from the charts and check back in around january or so. Keep your mental health in check for when the bull really gets going, youll need to be firing on all cylinders when that happens. Max pain is watching alts fly while you're sidelined, and sidelined only out of fear or getting too greedy with finding the perfect bottom. I have made all of the above mistakes by the way!

[stevededina]

Ben, it looks like the bottom of the band in two months is about $1, 100. If ETH is $1, 100, and ETH/BTC drops to 0.03, it means that BTC/USD is $36, 667. Even if ETH drops to $1, 500 BTC/USD would be $50, 000. Of course, if ETH/BTC is higher than 0.03, BTC/USD would be even lower. Can you please address this in one of your next videos? Mathematically, you are saying that BTC/USD will fall to $50, 000 or less. This is pretty serious and to many even more important than the ETH video. Please, please address this. TBH, I’m surprised you didn’t because it’s the elephant in the room.

[dec]

One thing I was curious if you could answer is that if you believe ETH is to go that low then you must also think BTC has the ability to go into the low 30ks? Because for ETH to go sub 1k then BTC would need to be low 30s if we are even saying ETH has a .03 valuation against the BTC pair at that point. I’ve agreed with you on the dominance rally and I also do feel altcoins still have some bleeding to do but low 30k BTC seems unlikely especially without a recession. Would appreciate your thoughts on this. Thanks Ben

[thefourhicks]

Anyone watching this a week later? Looks like ETH was around 2300 when this video was made, and a week later it is 3200. Big drop coming (back below 2300 or 2000)?

[etherc]

If ETH goes home...will back up the truck... if it goes 1500... will sell my kidney 😂

[Psonobody]

The lows Ben is calling for would take the BTC/ETH valuation far too low. Even BTC would have to go down under 40k in this quarter.

My hypothesis is that ETH DOESN't go down much lower in both eth/btc and eth/usd; however it will not be as strong in this cycle because it didn't hit those lows as we saw in previous cycle.

This would fit the weak ETH, strong sol/alt narrative we've been hearing. Just my opinion :D

[nataljamakova]

ETH dropping another 20% is not a big deal tbh. Grateful to you for the magnificent analysis

[emi]

For ETH to go down to those regions BTC would also need to go down. Not saying it's impossible but that would break the cycle. The weekly candle we're about to print on BTC makes me worry.

[nwn]

You should be clearer ETH/USD could still go higher even if ETH goes home if BTC/USD goes way higher. If it didn't drop below the top of the support band during the 2022/2023 bear market why would go below now (unless there is a black swan event)? You have been right alot maybe it's time to be wrong?

[jkeartieco]

Ben has been right the entire bear market

[runna]

The ETH/BTC pair won’t be going much lower from here, it’s already good enough to start trading BTC or pumping USD into Eth right now. Trying to target the exact bottom will make you lose easy opportunities.

[epicpwn]

ben, could you start adjusting your charts for inflation?

[Tardersss]

If $80, $100, $120, $150 were the bottoms of last cycle, high was $4800. That means this cycle lows would be $800, $1000, $1200, $1500, (10x) hight would be $48k ? If 48k is the high for this cycle, lows for next cycle(2028-30) be $8000, $10000, $12000, $15000? That’s still significantly higher than the current price.
I might not be counting diminishing return but you get my idea !

[小林儿-hy]

Hello ben. Why is there no subtitles in this video?

[menzo_eth]

Agree Totally worth consider this scenario

[jenningsjennings]

Hi Ben enjoy your videos. If you are right and ETH is due for one big further pullback would that be mirrored in further falls for most altcoins?

[robertblack]

You might be right, but I still don't think we'll see Eth go that low this time. Last time there wasn't enough htf price action. This time it has the monthly and 2-week cloud structure directing it, and we're much further along in the cycle. Besides everyone is waiting for it this time too. November is going to be interesting that's for sure.