Ethereum Update

Comprehensive Update on the Ethereum Journey

As we mentioned earlier, Ethereum was at a critical crossroads, and I clearly stated that any drop below 2970 would change the scales, especially concerning alternative movements. At that time, I said it was unlikely and recommended buying at 3040 with a final target of 3400 – and thankfully, the target was achieved.

📌 Now Ethereum is facing strong resistance at 3430, but the quick interaction and its achievement of 3400 before the expected time indicates that the market is moving at a faster pace than we planned.

🔄 We have an important evaluation point tomorrow at 18:00 during the daily close, which I mentioned in a post a little while ago and on which we will base our stance on alternatives.

✅ What you need to know now:
• As long as Ethereum is above 2970, the market is safe.
• If it closes tomorrow above 3200, safety becomes higher, and the likelihood of returning to 2970 decreases.
• Because breaking 2970 means we will return to 2500 as if nothing happened.

🔍 My Current Expectations:
• We anticipate a slight correction or sideways movement on smaller time frames aimed at continuing the upward trend.
• We may see a movement from 3400 towards 3280, but it may not happen.
• However, the important point: clearly breaking 3430 means heading towards 3630.

🎯 My Advice:
Don't rush, wait for the correction as I mentioned, and then enter with gradual targets:
• 3470
• 3550
• 3630
• 3700 (Although it is a difficult target currently, it will become very close if the slight correction and the sideways movement we are waiting for occur).