Holding above the $0.1364 support signals accumulation next | CipherX on Binance Square

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Holding above the $0.1364 support signals accumulation
next leg up could challenge the $0.16+ zone again 
$KERNEL 

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$ETH supply crunch will no longer will be a meme. Since Merge, 374.9K ETH has been issued. Now let's talk about ETH buying. ETFs have bought 410K ETH in the past 3 weeks. SharpLink Gaming has bought 50K+ ETH in the past week. Individual whales have bought 140K+ ETH since June. This has all resulted in ETH exchange supply hitting 8-yr low. And there's one more thing. Total ETH staked has hit 30% of ETH supply, its highest level ever. Imagine what'll happen when this starts to price in. $10,000 ETH will become a reality.

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$ETH chart looks like it wants to go up-only. Both from TA and FA perspective, ETH hasn't looked this good in a long time. First of all, it had a MACD golden cross followed by a 6-month resistance breakout. From FA perspective, Ethereum ETFs have bought more than in 3 weeks than ETH issued in 3 yrs. You're not bullish enough.

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This is one of the most important chart for Altcoin holders. Bitcoin dominance has been in a downtrend, while BTC is hitting new highs. This is something we saw in Q1 2024 and Q4 2024. In both instances, alts rallied for 6-8 weeks before forming a local top. So maybe a rally till August, followed by local top and consolidation. After that, the final rally will start in Nov/Dec and a blow-off top.

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$KERNEL just exploded +33% on the hourly, smashing resistance and hitting $0.1604 ,volume surging, RSI screaming overbought across all timeframes. Momentum is undeniable. This is no fluke ,smart money is rotating in

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$ETH has cleared through a major resistance level. This happened after ETH ETFs bought $380M worth of ETH yesterday. Now, ETH is definitely experiencing some selling pressure but bulls are still in control. I don't think there will be any major correction until $3.3K-$3.4K ETH.

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