#EthereumFuture

Hi everyone! Let’s break down today’s in-depth $ETH analysis.

Recap & Progress:

As highlighted earlier, Ethereum was poised to bottom out at a precise level (see first screenshot). The timing of my accumulation call aligned perfectly with the local low, and ETH has since surged **34%**—validating the strategy.

Current Dynamics:

-CME Gaps: Multiple gaps linger near current price levels (second screenshot), likely to close in the short term.

-Key Resistance: ETH now faces a critical Fibonacci resistance zone (third screenshot). This is an optimal area to *consider taking partial profits*. A rejection here could trigger a correction toward the $1200 weekly order block. While I view this as a lower-probability scenario, holding some **USDT reserves** remains prudent. *Note:* A daily close above this resistance would negate the bearish short-term outlook.

Longer-Term Perspective:

Since May 2021, ETH has lagged behind BTC. However, it’s now holding steady on robust monthly support (fourth screenshot), laying the groundwork for a potential rebound. This signals a likely shift in momentum, with ETH poised to outperform BTC in the coming months. Caution: A breakdown of this support would signal significant bearish momentum.

Outlook:

I anticipate a brief correction (liquidity below $1700 looks enticing), followed by a powerful upward rally.

Final Thoughts:

Stay agile, manage risk, and keep an eye on critical levels. If you found this useful, hit Like, Follow, and Share—your support fuels more insights! Drop a comment with your take.