Cautious Crypto Positioning Ahead of a Near-Term Pullback

about 1 month ago

Mark Newton

"I haven\u2019t seen the sentiment yet, but obviously, as you said... my own target for Ethereum is, you know, 5,500. And for Bitcoin, it\u2019s about 130,000. ...I think the time to be long is right now and really look to exit by end of year."

In his commentary on cryptocurrencies, Mark Newton sets clear price targets for Ethereum (around 5,500) and Bitcoin (around 130,000). While he remains bullish on Ethereum in the coming year, he expects a pullback in crypto, particularly in late October/November, advising investors to take profits before the final leg of the rally ends.