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Crypto KOL nobrainflip: ETH is severely oversold, planning to heavily buy in the range of $1070 to $1370.
Deep Tide TechFlow news, June 26, crypto KOL nobrainflip posted on X platform, stating that he plans to heavily buy ETH in the range of $1070 to $1370, believing that the downside for ETH price is limited. The market generally expects ETH to underperform BTC in the future, but in fact ETH is already in a state of "extreme overselling," so he chooses to trade against the trend.
nobrainflip analyzed that the current ETH/BTC exchange rate has fallen to extremely low levels, and the market is treating ETH as an "ordinary altcoin." However, ETH and BTC are both blue-chip assets in the crypto market: both have established supplies, no internal unlocking pressure, and have undergone over 10 years of market validation. The biggest difference between the two lies in asset holding yields. BTC itself does not generate yield, but most ETH can generate yield through staking.
However, nobrainflip clarified that he is not bearish on BTC and still holds both BTC and ETH. He simply believes that ETH, which is currently being abandoned by the market, may be a more cost-effective asset. His ETH trading plan is: buy in batches in the $1370 to $1070 range, complete most of the position near $1070, and stop loss if it breaks below $800.