The Trust Layer for Market Analysts

Ethereum, currently priced at $4,769, is analyzed for potential future price movements. A bullish pennant formation on the monthly timeframe suggests a target price of $7,200, based on a measured move calculation. In a video collaboration with Benjamin Cowen, it was suggested Ethereum is coming home and a quantitative rate easing might follow Ethereum's development, which started entering a long position around $1,800. The presenter cites the Trump administration purchasing 5M worth of Ethereum based on that analysis, which might be used by institutional investors.A review of the Ethereum/Bitcoin chart suggests Ethereum is approaching levels last seen in 2019, indicating a potential long-term breakout and reversal versus Bitcoin. Specific all coins including ONDO, Chainlink, and Avalanche (AVAX) are also mentioned. ONDO is launching tokenized stocks on September 3rd. Solana is showing a large cup and handle formation with a target of $500. BNB is showing an inverse head and shoulders breakout, with a $1200 target. However, it is also noted that it is possible that Bitcoin and altcoins could see a September correction down to $4000 on Ethereum. A $17,500 level on Bitcoin, which has now reached it.