Sell Ethereum by October, Says Market Expert Orbion
Market expert Orbion advises investors to sell all Ethereum (ETH) holdings by the end of October. He argues that Ethereum’s recent break above $4,200 sets the stage for a final surge to $5,800–$6,000, representing a potential 300% gain from cycle lows. Following historical patterns, he expects a peak-driven correction to knock ETH back to around $1,400 by late October. Orbion points to key indicators—NUPL at +0.75, SOPR turning negative, and deep-red MVRV—as reliable top signals.
Orbion is bullish on crypto’s near-term outlook, citing a likely Fed rate cut in September to kickstart the rally’s last leg. He warns, however, that the post-peak correction could be swift, with altcoins dropping 20% in a day when liquidity dries up. He urges traders to plan exit strategies now to avoid panic selling and lock in profits. At press time, ETH trades near $4,310, while Bitcoin (BTC) could top out around $55,000.
Bearish
Orbion’s call to sell Ethereum indicates a bearish outlook for ETH near-term. By projecting a peak at $5,800–$6,000 followed by a sharp retracement to $1,400, the expert signals that profit-taking may intensify once historical topping metrics (NUPL, SOPR, MVRV) align. Similar sell warnings have triggered significant altcoin corrections in past cycles, notably in 2018 and 2021. Traders may start locking in gains, increasing sell pressure on Ethereum and other altcoins. Short-term, this could dampen ETH’s momentum and heighten volatility. In the long run, underlying fundamentals may remain positive, but rapid correction risks could unsettle less prepared investors, reinforcing the importance of exit planning.