📌 Ethereum (ETH) – Macro Outlook
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• Lately I’ve been zeroing in on Bitcoin (pretty sure most of you noticed) and basically ignoring ETH. Simple reason: it’s been weak for months and just hasn’t interested me. Still, I know a bunch of you are all‑in on ETH, so here’s my mid‑term read:
1) I’m NOT a fan of the gigantic double‑top on the weekly. These patterns rarely finish on a 1‑week chart, but this one’s special: ~400 days to form, neckline smashed on big volume and a solid deep retest. Measured move prints $800‑$1 000 (call it $900 dead‑center, green line). Nasty for long‑term bags, but I call what I see.
2) That said, last week we saw real buyers step in once ETH dipped under $1 400. Historically ETH will always retest both its yearly MA and the 200‑day MA (white + yellow), even if it later slips into bear territory. No retest yet on this drop.
3) Because of that bid, I’m looking for a pop back into the upper purple block, broad target $2 200‑$2 800. If I held ETH, I’d unload it all there and let price decide whether we roll over into full bear or squeeze another leg up. IMO we tag that purple zone before ETH nukes to the $900 double‑top target (bounce first, flush later).
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🔸 Price could still sweep last week’s low before heading up, but I doubt we get a straight knife to $900. Crypto loves a tiny liquidity grab under the “buy” candle ahead of a local reversal. Might even skip it and break higher after some chop in the $1 400‑$1 600 pocket.
🔹 All based on today’s weekly chart; if Vitalik drops a bomb on Ethereum, we’ll reassess. Until then, this outlook stands.
