10x Research Market Updates

10x Research Market Updates

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10x Research Market Updates
Should Traders Buy or Sell Ethereum Now?
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Should Traders Buy or Sell Ethereum Now?

ETH may fluctuate up or down in the short term, but prices should trend in the medium term.

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10x Research
Oct 11, 2024
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10x Research Market Updates
10x Research Market Updates
Should Traders Buy or Sell Ethereum Now?
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👇1-10) Bitcoin has been trading within a broad range around the $60,000 mark for nine consecutive months—an unprecedented stability period unlikely to last. By Q1 2025, Bitcoin is poised to break out or see a significant drop. Several upcoming events will likely influence Bitcoin's price, making this a critical time to stay vigilant rather than become complacent.

👇2-10) We have maintained a bearish outlook on Ethereum due to disappointing revenue performance and a lack of clear direction. Ethereum needs a guiding vision, and the development team needs to make more effort to communicate its narrative, leaving it to external players like BlackRock to define what Ethereum represents.

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