$BTC $ETH $BTC ###$##EthereumFuture – ETH Market Breakdown

Hey everyone! I’ve got a fresh and detailed update on $ETH, so let’s get right into it.

In my previous post, I highlighted a key level where I expected ETH to bottom out (check the first screenshot). I also suggested it was a good time to start accumulating—and that level ended up being the exact local bottom. Since then, ETH has surged 34%.

Right now, ETH is hovering around several CME gaps (see second screenshot), which I expect to be filled soon. This area also aligns with a key Fibonacci resistance zone (third screenshot), making it a smart spot to consider taking some profits.

If ETH gets rejected here and consolidates, we could see a dip toward the weekly order block near the $1200 mark. While I don't see that scenario as highly probable, it's always good to have some USDT on standby. For the bearish setup to be invalidated, ETH needs to close a daily candle above this resistance.

Since May 2021, ETH has lagged behind BTC—but it’s now sitting on strong monthly support (see fourth screenshot), which could trigger a reversal. I believe ETH is positioned to start outperforming BTC in the coming months. However, if this support breaks, it could spell trouble for ETH’s momentum.

Short-term, I expect a pullback—there’s plenty of liquidity under $1700—but long-term, I’m bullish and see strong upside potential ahead.#

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Happy Trading! #EthereumFuture #BinanceAlphaAlert #CryptoAnalysis #ETH