๐๐พ Ethereum Breaking Out โ Is ETH Season Officially Here? ๐๐ฅ
Ethereum is showing strength across the board โ outperforming Bitcoin, reclaiming trendline support, and eyeing a possible breakout continuation. While macro narratives swirl (crypto legislation, rate cut vibes, political tailwinds), ETH is finally doing what ETH does best โ lead.
๐ Chart Breakdown:
ETHUSDT is respecting the dotted trendline off the breakout.
Price is hovering around $3487 support, an area that aligns with Fib retracement and the last impulse base.
If bulls can maintain structure, $4000โ$4050 is a natural magnet above.
๐ On the ETHBTC side, weโre aiming for the 0.06274 level โ this ratio breakout is classic ETH season behavior, where Ethereum not only rises but pulls the rest of the market with it.
๐ And yesโฆ even Elon my Dog is sniffing this one out:
๐พ "Support still smells strong. T-Bone at 4K." Then we go higher for the Cow.
๐ Order Flow Data Confirms:
Premium: Still slightly negative โ market hasnโt fully rotated in.
Funding: Light and positive โ sustainable, not euphoric.
Open Interest: Saw a soft reset โ leverage was cleared out, opening room to rally.
Spot volume: Steady and supportive, not chasing.
๐ฅ +1116% ROI from the last long from $2,983.09. If youโre holding ETH โ youโre holding the mic right now. Let's not drop it.
This could just be the beginning โ and when ETH leads, the rest tends to follow.
Elon and the whole ๐ถ Dog Team are on high alert. Breakout energy is thick.
One Love,
The FXPROFESSOR ๐
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! ๐๐ค๐
Ethereum is showing strength across the board โ outperforming Bitcoin, reclaiming trendline support, and eyeing a possible breakout continuation. While macro narratives swirl (crypto legislation, rate cut vibes, political tailwinds), ETH is finally doing what ETH does best โ lead.
๐ Chart Breakdown:
ETHUSDT is respecting the dotted trendline off the breakout.
Price is hovering around $3487 support, an area that aligns with Fib retracement and the last impulse base.
If bulls can maintain structure, $4000โ$4050 is a natural magnet above.
๐ On the ETHBTC side, weโre aiming for the 0.06274 level โ this ratio breakout is classic ETH season behavior, where Ethereum not only rises but pulls the rest of the market with it.
๐ And yesโฆ even Elon my Dog is sniffing this one out:
๐พ "Support still smells strong. T-Bone at 4K." Then we go higher for the Cow.
๐ Order Flow Data Confirms:
Premium: Still slightly negative โ market hasnโt fully rotated in.
Funding: Light and positive โ sustainable, not euphoric.
Open Interest: Saw a soft reset โ leverage was cleared out, opening room to rally.
Spot volume: Steady and supportive, not chasing.
๐ฅ +1116% ROI from the last long from $2,983.09. If youโre holding ETH โ youโre holding the mic right now. Let's not drop it.
This could just be the beginning โ and when ETH leads, the rest tends to follow.
Elon and the whole ๐ถ Dog Team are on high alert. Breakout energy is thick.
One Love,
The FXPROFESSOR ๐
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! ๐๐ค๐
๐ฃ Telegram: t.me/fxprofessor88
๐ fxprofessor.com
๐ Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer ๐๐ค๐
๐ fxprofessor.com
๐ Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer ๐๐ค๐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
๐ฃ Telegram: t.me/fxprofessor88
๐ fxprofessor.com
๐ Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer ๐๐ค๐
๐ fxprofessor.com
๐ Trade responsibly or don't trade at all. Develop skills and experiences, work, save, invest and THEN trade if you dare at all!
I am happy to be part of the Trade Nation's Influencer ๐๐ค๐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.