✴️✨️💫 $ETH Monthly chart | Macro Perspective
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I believe this mid term correction is over. We took out the Aug Oct 2023 lows, printed a giant reversal candle and held the mid line of the Channel
The bottom is in and we're gonna have a good mid-term bounce 📈
This can be a Dead Cat Bounce or a bullish Rally to a new ATH, but given the weakness of Eth this cycle and the fact that there're only 7 months left to the cycle, I'm leaning towards the dead cat bounce scenario.
So in the next few months I'm expecting a good rally: ETH & its ecosystem will bounce. My first target is $2500 🎯
📍 $2700-3200 is supposed to be a Rejection Zone (lower high) 🔨
👉 To be fully bullish and expect new highs we need to break through that Zone and break out of the Channel