Ether just broke a 504 days long resistance. The next one is the 2021 all-time high which happened a massive 1,372 days ago. Early November 2021.
Ethereum is breaking all resistance. One is already gone and the next one will be gone very soon, just this week is the first time that ETHUSDT is moving freely after breaking the high from March and December 2024. This was a price level around $4,100 and this was a tough barrier.
First in March 2024 Ethereum started to decline from this price to a low of $2,111. The second time happened with a $1,385 bottom. This time, ETHUSDT is already trading at $4,725 so there is no resistance left.
The last all-time high is not a resistance level of relevance. It does have some psychological effects because people track it but the market isn't likely to stop there for any meaningful amount of time. The action is headed straight up.
You know we are open and aiming for $11,000 but right now $6,000 followed by $7,300 is an easy goal. Go higher.
Do you think Ethereum was expensive when it traded around $2,400?
Remember, "trading at bottom prices"? Not anymore.
Ethereum is ultra-bullish now and there is no going back, a new all-time high is upon us and once Ether hits a new all-time high, all bets are off. Everything will speed up and all the smaller altcoins will start to follow.
The high increase in trading volume that tends to happen on the third wave of a bullish impulse is not present here. In fact, there is no significant rise in trading volume since July 2022. The weekly session in April produced high volume but not higher.
This is good. This means that the best is yet to come. We haven't seen much yet. We still have to experience the bullish force, strong momentum, the completion of the third wave and then finally the fifth wave.
Whatever you do, keep holding long-term.
Ethereum is going up.
Namaste.
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