$ETH
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A week of strong recovery but the top is still quite far away. This is the time to pay the most attention to control emotions to avoid fomo and take profits early. In general, it is necessary to have a suitable strategy: adjust to increase or close short to optimize profits ... however, it is necessary to be decisive and agile or the opportunity will pass, creating a fear of missing out, leading to many consequences later ...
According to U.Today, famous trader Peter Brandt shared his insights on the price dynamics of Ethereum (ETH. Brandt, who has been an important figure in the financial markets since the 1970s, recently commented on the complexity and costs associated with Ethereum. He described ETH as a "completely broken utility coin" due to its complex ecosystem and high transaction fees. This view is in line with his previous criticism of Ethereum, when he pointed out the limitations of cryptocurrencies as a functional ecosystem.
Despite his critical stance on Ethereum, Brandt's analysis indicates that Ethereum is positioned for significant fluctuations along with Bitcoin, which recently hit a high of new record above $75,000. Brandt emphasized that while Ethereum is still facing significant resistance above, this could hinder its performance. Ethereum is still "gnawing at resistance above".
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