A 490 days rise was corrected in 147 days (5 months). The low happened in August 2024 at a price of $2084 with a weekly close above MA200.
The 490 days rise peaked at $4092 11-March 2024.
After the correction, a new rise developed within months that peaked at $4,108 in December 2024. This latter rise was also corrected, a correction that lasted 49 days. The low happened this week at a price of $2100. The week is about to close above MA200.
Seeing how MA200 has been working long-term as support; a double-bottom or shy higher low, and how this time the correction was a flush-crash rather than a bearish impulse, we can expect a new wave of growth.
Seeing the chart, marketwide action and the bull-market year being upon us, I am now LONG ETHUSDT 10X, and I expect maximum growth for many months.
Simple and to the point.
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From a wider perspective, the market has been consolidating since March 2024 and its about to blow up.
We have a perfect sideways channel on ETHUSDT.
March 2025, one year later, Cryptocurrency will be full green.
1,000,000% UP! That's the confidence level.
Thanks a lot for your support.
Namaste.