ETH: Do We Recapture $400 Soon?

ETH and the rest of the altcoin market have been on a major decline the past month. We saw ETH and the whole DeFi boom hit its peak in early September, although it hasn't retraced all of the gains.

It also hasn't been a decline into the abyss either. We've seen some ups and downs and ETH bottomed out at just above $300, rose back to $400 and then dipped right back down.

It's been a bumpy September, possible as some uncertainty heats up pre-November election.

This is going to be an interesting 3-month course for crypto asa whole. The fact that we've seen some bottoming out here at this level means that a bull market is one flip of a switch away.

We could literally see DeFi and the whole alt market spring back up to prior highs and beyond at a moments notice.

Personally, I'm positioned well in DeFi. Even better than I was pre-Explosion #1.

I think this is just the start of a multi-phase explosion in the DeFi industry. I mean, this thing just started to grow legs right when some uncertainty dragged it down.

October will be the month to watch.

Posted Using LeoFinance ^Beta