#Ethereum #ETH #ETHUSDT #altsesaon
Just a very small retrace today after five consecutive days closing green and the chart is saying additional growth right away. Ether is showing no signs of weakness. ETHUSDT is very strong and set to move higher.
The MACD is about to enter the bullish zone as it is producing a very strong rise. This indicator is certainly pointing toward higher prices. It was looking bad a while back but now it looks great.
The RSI finally turned bullish with a reading beyond 50. It turned bullish on the 3rd of December just to move back down a little bit. Then it recovered back into the bullish zone and it seems it will stay here for long. Supporting ETHUSDT as one of the strongest altcoins at this point.
It is still early for this pair and many others. The action is still happening below $3,500 while the all-time high is set at ~$5,000. Since the ATH is the minimum resistance to be challenged, there is plenty of room for growth.
Based on the long-term and broader chart structure, we can expect a higher high compared to the last bullish wave. This opens up $6,400 as the main target short- to mid-term, within 1-3 months. Since we count from the day the low is set, 21-November, in ten days we would have the first month. Since Ethereum isn't likely to trade above $5,000 in just ten days, we can expect this major target to be hit mid-term, within three months starting 21-November.
We can see a new all-time high in January 2026. We can see our $6,000+ target hit between late January and February. It can also take a bit longer, it all depends on the strength of the bulls. Will we get really fast growth or gradual? Both scenarios are good as long as the market continues to grow.
Yes, we had a correction, but it is normal and expected. After strong growth, there is always a correction, in this case we saw wave 4. The current rise should be awesome.
Thanks a lot for your continued support.
Namaste.
✅ Trade here on $ETH
