Ethereum on the daily frame broke the trend and formed a bottom, resting above an important and strong support level above 1750, and is preparing for a new surge.
Ethereum on the weekly frame maintained support at 1530, which is considered a strong demand area; the price stabilized above it, rebounded, and formed a reversal pattern on the weekly frame in preparation for a new surge.
The main upcoming resistance is 2000-2140. Breaking it and closing weekly above it will raise us above 3700 $ETH
The movement in the past few days has been excellent and positive, but it is still below the resistance at 93900. There is a high possibility of re-testing the historical peak again.
$BTC $ETH $XRP Japan is about to officially intervene in the currency market to lower the value of the yen 🚨 This means one thing: The dollar will rise sharply… and the U.S. markets will ignite again.
When Japan intervenes, it does not just move the exchange rate... It reactivates one of the most dangerous financial mechanisms in the market: "Yen Carry Trade"
The idea is simple but devastating in its effect: • Borrow in yen at zero interest • Invest in dollar-denominated assets or currencies with higher yields • The yield differential turns into massive profits • And liquidity flows from Tokyo to Wall Street as if it were a new financial artery
What will happen if Japan actually intervenes? 1. The dollar will rise against the yen and Asian currencies 2. The U.S. stock market will receive a huge liquidity boost 3. Risk assets will achieve gains over the next 4-6 months 4. Gold may temporarily calm down with the rising dollar
History tells us that Japan's interventions do not come as a surprise... But they create massive shifts in capital flows.
Stay tuned… we may be on the brink of a strong rising wave in the U.S. markets, led by the "weak yen" and not the Fed.