๐ Ethereum: King of Alts Gears Up for the Next Rally! ๐
๐ As Bitcoin Breaks New Highs, Is ETH Set to Shine? ๐
With Bitcoin approaching psychological resistance levels, my focus has shifted to Ethereum, the undisputed King of Alts. The ETH chart is shaping up beautifully, presenting a stronger bullish case compared to Bitcoin or other altcoins. Letโs dive into the key insights. ๐
๐ Key Ethereum Highlights: 1๏ธโฃ Major Breakout Levels Conquered: ETH has reclaimed critical levels, including the $2,875 zone, which was the big breakout level. This has ignited bullish momentum, propelling Ethereum higher.
2๏ธโฃ Next Targets in Sight: With Bitcoin stealing the spotlight recently, Ethereum looks primed for a move toward $4,881 and ultimately $6,443, its previous major resistance zones.
3๏ธโฃ Bullish Structure: Higher lows, sustained volume, and a clean breakout suggest that ETH is well-positioned for further upside. The bullish channel remains intact, and momentum is picking up.
4๏ธโฃ Macro View: Ethereum remains a standout within the Total3 (Altcoins Excluding BTC & ETH) chart, which is facing major resistance. However, as the leader of alts, ETH has historically outperformed after Bitcoin tops.
Why Iโm Bullish on ETH:
Volume Surge: Spot and futures activity is climbing steadily, reflecting growing interest.
Technical Confirmation: The upward trajectory is supported by clear breakout levels and bullish formations.
Relative Strength: ETH is showing more strength than Bitcoin or other altcoins, making it my top pick for this stage of the cycle.
Potential Scenarios: ๐ Bullish: If Ethereum clears $3,700, the path to $4,881 and beyond opens wide.
๐ Caution: A retest of $3,200 would still be healthy and offer a potential buying opportunity.
Whatโs Next? Ethereum is taking the stage as Bitcoin cools near resistance. As King of Alts, its leadership role in the market makes it a key asset to watch. Keep an eye on $3,700 and $4,881โbreaking these levels could unleash the next leg of the rally! ๐
๐ Whatโs your take on Ethereumโs trajectory? Let me know in the comments!
One Love,
The FXPROFESSOR ๐
๐ As Bitcoin Breaks New Highs, Is ETH Set to Shine? ๐
With Bitcoin approaching psychological resistance levels, my focus has shifted to Ethereum, the undisputed King of Alts. The ETH chart is shaping up beautifully, presenting a stronger bullish case compared to Bitcoin or other altcoins. Letโs dive into the key insights. ๐
๐ Key Ethereum Highlights: 1๏ธโฃ Major Breakout Levels Conquered: ETH has reclaimed critical levels, including the $2,875 zone, which was the big breakout level. This has ignited bullish momentum, propelling Ethereum higher.
2๏ธโฃ Next Targets in Sight: With Bitcoin stealing the spotlight recently, Ethereum looks primed for a move toward $4,881 and ultimately $6,443, its previous major resistance zones.
3๏ธโฃ Bullish Structure: Higher lows, sustained volume, and a clean breakout suggest that ETH is well-positioned for further upside. The bullish channel remains intact, and momentum is picking up.
4๏ธโฃ Macro View: Ethereum remains a standout within the Total3 (Altcoins Excluding BTC & ETH) chart, which is facing major resistance. However, as the leader of alts, ETH has historically outperformed after Bitcoin tops.
Why Iโm Bullish on ETH:
Volume Surge: Spot and futures activity is climbing steadily, reflecting growing interest.
Technical Confirmation: The upward trajectory is supported by clear breakout levels and bullish formations.
Relative Strength: ETH is showing more strength than Bitcoin or other altcoins, making it my top pick for this stage of the cycle.
Potential Scenarios: ๐ Bullish: If Ethereum clears $3,700, the path to $4,881 and beyond opens wide.
๐ Caution: A retest of $3,200 would still be healthy and offer a potential buying opportunity.
Whatโs Next? Ethereum is taking the stage as Bitcoin cools near resistance. As King of Alts, its leadership role in the market makes it a key asset to watch. Keep an eye on $3,700 and $4,881โbreaking these levels could unleash the next leg of the rally! ๐
๐ Whatโs your take on Ethereumโs trajectory? Let me know in the comments!
One Love,
The FXPROFESSOR ๐
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๐ฃ Professorโs Public Telegram:
๐ฌ t.me/fxprofessor88
๐ Website:
fxprofessor.com
๐ CryptoGPT Trading Agents:
cryptogpt.io/
๐ Trade FX with Me (TradeNation):
go.tradenation.com/visit/?bta=37306&brand=tradenation
๐ฌ t.me/fxprofessor88
๐ Website:
fxprofessor.com
๐ CryptoGPT Trading Agents:
cryptogpt.io/
๐ Trade FX with Me (TradeNation):
go.tradenation.com/visit/?bta=37306&brand=tradenation
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.