$ETH Monthly Chart | Macro Outlook

The mid-term correction looks complete.

We swept the Aug–Oct 2023 lows

Printed a massive reversal candle

Held the midline of the macro channel

Bottom likely in. A strong mid-term bounce is on deck.

Now, is this a Dead Cat Bounce or a true Rally to New ATHs?

Given ETH’s relative weakness this cycle and only ~7 months left in it, I’m leaning toward Dead Cat Bounce — for now.

Here’s my roadmap:

Targets:

$2,500 — first key level

$2,700–$3,200 — major Rejection Zone (likely lower high)

What would flip me fully bullish?

A clean breakout above $3,200 and out of the macro channel.

For deeper analysis, check my full 🧵 on ETH’s structure.