Long

ETH Huge Potential Gains Ahead

Updated

Etheruem has been lagging very hard against Bitcoin for the last year, and it may be time to finally see a big move in ETH.

After holding above the support zone and starting to try and break out of the previous high, I would like to see a pullback into the CC zone for a bounce to break back upwards.

We don't quite have much resistance ahead above 2800, and I would love to see a swift move back up, the same way we had seen a fast move down a few months ago.

Only time will tell..

Trade active

Here is the entry

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Looking nice, Some thoughts for future price action as we break out of the value areas.

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Alternatively, we could see a reaction at the previous range value area. A retrace to confirm the breakout of the current range we have traded in could be a nice compound.

Trade closed: target reached

Battling the previous VAL

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Moving according to plan

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Would like to see $3500 into the point of control of the previous range.

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Note the ETFs provide mass liquidity to the market, so I will be watching the levels on the leveraged ETF to provide confluence on where the resistance levels may be.

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Looking for the breakout to confirm here

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So far getting a reaction

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tapped 3500 and forming a wedge structure. would be ready for this situation if bitcoin holds support

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For a more clear entry I would like to see the previous range hold up and confirm a rotation higher

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Finally rotating into value area high

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Target Hit , exactly as predicted

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Longer term view for ETH. I feel like my price prediction for this cycle will be approx 16k-17k.

We are given some confluence with trendlines, and an inverse head and shoulders breakout.

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Inverted h&s or cup and handle whatever you would like to call it

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Looking at the next compound zone as a potential drop to 3k. We have the VAL, 200MA, trendline support, and 0.618 fib.

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we could also potentially find some support here at the vwap

5 days ago

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Longer term picture, from all time high, to previous cycle low.

We have retested the 0.618, poc, weekly level, and on the way to the 882 fib at 4400.

3 days ago

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Potential breakout here

3 days ago

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Retesting the VAH, adding some eth shares here

afurs1

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