This has happened only twice this cycle...

And each time it has led to extended moves to the upside.

We have been calling for higher on $ETH for a while whilst the majority were declaring it dead... so now ee have it, let's properly analyse the $ETH chart again and what to expect next guys.

HTF everything is looking absolutely amazing for a continued push, likely back to the recent highs of $4k at a minimum.

So what do we have?

- 1W MACD crossing fully bullish

- 1W RSI beginning its upthrust

- 40%+ Gains in 36 hours breaking both HTF trendlines

- Breaking above the 1W 200D ema

- Amazing volume on this push(cant see it on this chart)

- 3 CME gaps unfilled, all above us

This is as bullish as it gets tbh, and as you can see, the last two times it happened in this cycle it led to a massive breakout move.

BUT, for full confirmation of this massive break in trend, we want to be closing the Weekly above the 1W 200day ema, and both key trends at $2,270.

These are the two potential scenarios I see playing out.

1: We hold above $2,270 on the weekly, leading to further push to $2,700.

2: We close below on the weekly, leading to a retest of $2,000, with an eventual push higher to have another go at the 200D EMA.

But regardless, looking at where ETH is at HTF and all the confluence with:

- ETH.D Bottoming

- ETH/BTC bottoming

- BTC.D potentially topping

As well as the info I provided above...

We are looking about as good as it could get for higher.

I hope my content has helped you stay sane during this harsh downturn.