This epic market wave, Ethereum is staging a crazy surge!
On July 11, the price of $ETH skyrocketed to $2966.98, with a 24-hour increase of over 7%, peaking at $2979.89, setting a new recent high! This fierce offensive has stirred the entire crypto circle, and the era of ETH reaching $10,000 is truly approaching!
From a technical perspective, ETH's upward momentum has fully erupted: the daily MACD indicator has formed a strong golden cross, with red bars continuing to expand, and bullish strength crushing bearish forces; although the daily RSI is nearing the 70 overbought zone, the enthusiasm for funds is still rising, showing no signs of a reversal; the 4-hour chart presents a classic 'ascending triangle' pattern, having already broken through the key resistance level of $2980, confirming the main upward wave, targeting $3500 and even $10,000!
More importantly, ETH has broken through the downward trend line since December 2024 and has firmly established itself above the 20, 50, 100, and 200-day moving averages, forming a 'bullish arrangement'; historical experience indicates that this technical formation often signals the onset of a medium to long-term upward trend!
As the 'leader of cryptocurrencies', BTC surpassed $116,000 on July 11, setting a new historical high, driving the entire altcoin market into a frenzy. Historical data shows that when BTC breaks through key round numbers, ETH often delivers excess returns; now that BTC is firmly above $110,000, if it subsequently challenges $120,000, ETH is expected to break through $3000, and further challenge $3500, $4000, and even the historic high of $10,000!
Looking back at history, every time Ethereum breaks through key resistance levels, it welcomes an epic market wave; at this time, we can look for some strong coins to invest in. I have already prepared a list for bottom fishing! Expected returns of 5-8 times, friends who want to get rich quickly are welcome to scan the code to join the group and enjoy the crazy bull market together!
