$ETH Current Market Outlook (Bullish Dominance)

1. **Trend Structure (Wave 7 Extension)**

- The market appears to be in an extended **Wave 7** of the upward cycle, suggesting strong momentum.

- Three consecutive bullish weekly candles confirm sustained buying pressure, with no significant rejection yet.

- A break above the previous all-time high (ATH) could accelerate FOMO-driven buying, targeting **$100,000+**.

2. **Indicator Resonance (Bullish Confirmation)**

- **KDJ**: Golden cross in overbought territory signals strong bullish momentum (watch for divergence).

- **MACD**: Histogram widening and positive crossover reinforce the uptrend.

- **RSI**: Above 60 (weekly), but not yet severely overbought (~70+), leaving room for further upside.

3. **Key Levels**

- **Support**: Previous resistance (likely ~$60,000–$65,000) now acts as strong support.

- **Target**: Psychological resistance at **$100,000**, followed by Fibonacci extensions (e.g., 1.618 at ~$120,000).

Potential Risks & Considerations

1. **Overextension Signals**

- If RSI reaches >70 on weekly, watch for bearish divergence or exhaustion patterns (e.g., doji, wicks).

- KDJ in overbought zones may precede short-term pullbacks.

2. **Macro/Liquidity Factors**

- Bitcoin ETF inflows/outflows, Fed policy (rate cuts/hikes), and BTC halving cycle (post-April 2024 supply shock) remain tailwinds.

- Regulatory news or black swan events could trigger volatility.

3. **Contingency Scenario**

- A weekly close below **$60,000** could invalidate the bullish structure, signaling a deeper correction (e.g., Wave 4 retracement).