Yesterday, we set a timing for the rise named “the healthy market,” specifying the period from December 8 to 12.
Today, we witnessed a strong influx of liquidity, which clarifies two things:
1. The market is approaching a test of resistances due to the new liquidity, with anticipation of interest rate cuts after a tough period; indicating a short-term upward wave.
2. The stability of the global economic situation has given investors greater confidence and boosted purchasing activity.
Both points may be true, but let’s address the picture in a balanced way:
Institutions and large investors have been following a clear strategy in recent periods:
• If they feel stability → they continue,
• If not → they withdraw their liquidity.
Therefore, even if the market seems to be improving, a logical and technical limit must be set together.
My suggestion based on a technical study of the chart $ETH:
• The price currently at the time of posting this: $3325
• The expected target: 3500$ before December 13–14
• If it touches $3500: the next target is $4000, where the market picture will become clearer.
• If it does not reach 3500$ before December 13-14: the target is $3000, then testing support at $2800.
My personal evaluation: the likelihood of testing the resistance is stronger and more realistic, and God knows best.
Important notice: Send blessings upon the best of creation ﷺ
