ETH: The weekly close has broken through a new high since 2024, also breaking through the weekly expansion pattern that has been in place since then. Currently, the entire market is left with only the supply zone from 2021.
The current price is absorbing the residual supply in that area!
Third time's a charm, this is the fourth attempt to break through the historical supply zone, and I believe the probability of a new high is quite high.
Once it breaks through here, the long-term target can be set between 5800 and 6800.
If it fails to break through again, it will really be a complete defeat, as if even the historical supply from four years ago can suppress it, it indicates that market demand has completely dried up.
For intraday trading, trust Fei Ge, Fei Ge will take you out for drinks and good food.
