Ethereum is trading above EMA8, EMA13, EMA21, EMA34 and EMA55 just now on the daily timeframe. This is a full blown bullish confirmation. The last two and longer moving averages, EMA34 and EMA55 are being conquered just today as resistance with a full green candle. This full green candle showing up after three consecutive green days close.
Ether is now trading at the highest price since 13-November and the current move signals the confirmation of the recovery, the continuation of the bullish move that started 21-November.
It is the first time Ethereum turns bullish from a major low since 22-June 2025, 170 days ago.
The last bullish wave lasted 63 days, from 22-June through 24 August. This can give us an early idea what to expect now. Just half the time would mean bullish action until 21-December. Twice as much would be bullish action until 21-March 2026. A bullish wave can easily last between 1-3 months.
Based on the action we are seeing across the smaller altcoins, a bullish wave can also extend and last five months. This won't necessarily happen for Ethereum as it is a truly big project, but watch-out for the smaller altcoins, these can grow really strong.
Expect a new all-time high, easily, and even higher prices in the coming months.
We are going up. The bullish bias is fully confirmed. This is the final confirmation. From now on, you can sit back and relax as you watch your capital grow. The market is turning green after a very strong bearish period. The market will seek balance by producing super strong growth.
Keep in mind that we have a very, very strong higher low. This means that we are entering the fifth wave of this bullish cycle. The fifth wave is the speculative wave. In this wave we can get a parabolic rise, the famous and much expected bull run.
Ethereum can peak around $6,400, just as it can peak at $8,800, $10,000 or more. Based on early information, it will go beyond $8,000 but can do better. This bull market should be stronger than 2021.
Thanks a lot for your continued support.
Namaste.
✅ Trade here on $ETH