๐จ The decline has begun... and $ETH is about to explode ๐๐ฅ
โก๏ธ Just like in every cycleโฆ the final wave starts now!
Ethereum is not whispering, but shouting: _The upward decline has begun!_ ๐ฅ
The price is currently trading around $4,635, after hitting a historical peak near $4,900 in August, amid huge flows from ETF funds and unprecedented institutional accumulation.
๐ What makes this wave different?
๐น The Relative Strength Index (RSI) is still in neutral territory, which means there is room for upward movement
๐น Reserves on Binance have increased, indicating that the market is ready to take profits โ but supply is still limited
๐น Expectations point to a breakout towards $5,200 โ $5,500 if liquidity continues to flow.
๐ฅ Technical analysis:
$ETH has been moving within an ascending channel since June, with strong support at $4,200 and resistance at $4,800.
A breakout at $4,800 will unleash the final wave towards $5,500 and possibly higher.
๐ง Are you ready?
๐ฒ _Follow channel #CryptoEmad now_ to be at the heart of the analysis before it turns into headlines!
#ETHBreakout #AltcoinMomentum #CryptoSurge #BullRunActivated
โก๏ธ Just like in every cycleโฆ the final wave starts now!
Ethereum is not whispering, but shouting: _The upward decline has begun!_ ๐ฅ
The price is currently trading around $4,635, after hitting a historical peak near $4,900 in August, amid huge flows from ETF funds and unprecedented institutional accumulation.
๐ What makes this wave different?
๐น The Relative Strength Index (RSI) is still in neutral territory, which means there is room for upward movement
๐น Reserves on Binance have increased, indicating that the market is ready to take profits โ but supply is still limited
๐น Expectations point to a breakout towards $5,200 โ $5,500 if liquidity continues to flow.
๐ฅ Technical analysis:
$ETH has been moving within an ascending channel since June, with strong support at $4,200 and resistance at $4,800.
A breakout at $4,800 will unleash the final wave towards $5,500 and possibly higher.
๐ง Are you ready?
๐ฒ _Follow channel #CryptoEmad now_ to be at the heart of the analysis before it turns into headlines!
#ETHBreakout #AltcoinMomentum #CryptoSurge #BullRunActivated