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La prochaine fois que ETH 🔥 touchera 4 744 $, ce sera pour casser cette résistance car la structure reste ascendante avec des plus bas de plus en plus hauts, la compression sous résistance montre une pression acheteuse qui s’accumule et les indicateurs techniques sont encore loin de la surchauffe. #MarketPullback
Total Mcap: Market is filtering the panic sellers before the next parabolic phase starts. We have seen this happen before 2017 and 2021 Altseason.
If you look at chart, The Bull trend is intact and we should see parabolic pump in next 4-6 months due to these bullish factors
• M2 money supply is exploding • The FED will end QT and potentially begin quantitative easing (QE). • 3-4 rate cuts in next 6 months • US stocks hitting new highs • Gold hits $30 Trillion and historically, when gold reaches its peak, a portion of that capital tends to flow into Bitcoin. This can lead to a sharp, parabolic rally in Bitcoin once gold stabilizes. • US Govt will pass many crypto-friendly regulations • 155 altcoin ETFs files which should be approved once shutdown ends
Currently caught between 2 important price levels.
To get the momentum back in favor of the bulls, you want to see $4.1K broken and for price to sustain above there.
On the downside, the must hold area is the wick low and Daily 200EMA. Anything lower than that and ETH will just see continuation of its current downtrend.