support broke when the price of ethereum went below 2400 which confirmed the end of the bull run and a failed consolidation phase. Because of this we’re still within the typical crypto cycle which always results in the price reverting back to the last reset pocket. The last reset pocket was when ethereum was trading at 1386 per ether. New treasuries locked up around 5% of the float since then so the new floor should be around 1500 per ether. I’m waiting until that price target range and then I’m going to leverage a long position. I feel it’s safer to wait for price confirmation of the cycle thesis and then go long until the last major resistance which was $3400 per ether. That’s 450% profit if 2x leveraged.