Market Expert Advises Selling All Ethereum Holdings by October
Market expert Orbion has recommended selling all Ethereum holdings by October, predicting a peak in its price during that timeframe. His analysis indicates that Ethereum's current price action supports a final upward movement before a downturn.
Reasons to Sell Ethereum by October
- Orbion remains bullish on Ethereum but advises complete exit by end of October.
- Ethereum recently broke above $4,200, with a short-term target of $5,800 to $6,000, indicating potential gains of 300% from cycle lows.
- He expects Bitcoin to show signs of topping in late September, followed by Ethereum in October, with predictions of BTC hitting around $55,000 and ETH dropping back to about $1,400.
- Historical trends suggest rapid corrections post-peak, with altcoins potentially falling 20% in a single day.
- Key market metrics like NUPL, SOPR, and MVRV are signaling warning signs for potential sell-offs.
- Orbion views an anticipated Fed rate cut in September as a catalyst for a brief rally, emphasizing the need for timely exits.
As of now, Ethereum is trading at approximately $4,310, reflecting recent gains.
