Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum’s risk-reward ratio is ‘too good to take a chance’, according to cryptocurrency analyst – here’s why
ALTCOIN NEWS

Ethereum’s risk-reward ratio is ‘too good to take a chance’, according to cryptocurrency analyst – here’s why

By Crypto FlexsNovember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum’s risk-reward ratio is ‘too good to take a chance’, according to cryptocurrency analyst – here’s why
Share
Facebook Twitter LinkedIn Pinterest Email

A popular on-chain strategist says Ethereum (ETH) is demonstrating a great risk-reward ratio setup.

Analyst Ali Martinez told his 76,900 followers on social media platform

“Ethereum’s risk-reward ratio is too good to abandon a long position! I have set a stop below $1,880 and am aiming for a target of $6,000.”

Source: Ali Martinez/X

Looking at his chart, the analyst suggests that ETH is holding the lower trend line of the rising channel as support and could soon retest the upper limit around $6,100.

However, fellow cryptocurrency trader Benjamin Cowen told his 819,000 YouTube subscribers that he expects ETH to fall into a logarithmic trendline, potentially as low as $1,000, based on the historical pattern of Ethereum bottoming during the fourth quarter.

“If you look at the cycle, you see ETH at $2,400 and I think there’s a really good chance that in a few months, maybe less than two months, we’ll look back at that and Ethereum will finally see a downtrend. It took until the fourth quarter of 2024 to return home…

In 2016, we see that Ethereum finally entered the lower logarithmic adjusted trendline, basically in early to mid-November. “In 2019, we got into August, but then we got above that level again and didn’t stay there until almost the end of September and into October.”

ETH is trading at $2,409 at the time of this writing, down 2.1% in the last 24 hours.

Next, the analyst says Dogecoin (DOGE) is sending a bullish reversal signal on the TD Sequential indicator, which traders use to predict a potential trend reversal in the token based on the closing prices of the previous 9 or 13 bars or candles.

“TD Sequential indicator has sent a buy signal on the Dogecoin 4-hour chart! If DOGE stays above the $0.141 support, it could rebound to $0.162.”

video
Source: Ali Martinez/X

He also suggested that the next resistance level will be seen once DOGE turns the $0.169 level into support.

“If Dogecoin DOGE breaks the $0.169 resistance, we could see a 27% rise to $0.209!”

video
Source: Ali Martinez/X

At the time of writing, DOGE is trading at $0.162, up 7.4% in the last 24 hours.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025

Succinct, The First Decentralized Prover Network, Launches On Mainnet

August 5, 2025

ONyc Launches On Kamino, Unlocking Real-World Yield And Collateral Utility In Solana DeFi

August 5, 2025

Your Best Choice For Security, Efficiency, And Transparency

August 5, 2025

The expansion of the Bitpanda Eyes market strikes record profitability

August 5, 2025

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Apu Is Now Live For Trading On Hyperliquid

August 4, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025

Bybit Expands USDT0 Support To HyperEVM, Corn, And Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

August 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025
Most Popular

AI-based research provides insights into Antarctic moss and climate change

October 5, 2024

ARK Invest cashed out on Coinbase, selling 237,000 shares at $140 per share.

December 6, 2023

Bitcoin Short-Term Holders’ ‘Overreaction’ Is What Caused BTC’s Drop Below $50K – Glassnode

August 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.