If we break 4250 we form a major cup and handle. If we take the depth of the both and add it to the handle we have 65% chance of pumping to 6900/ 7k this pattern is only valid if we break 4250 with a confirmation and turn it into support. The ETH ETF may be approved this week and it would start blast off to 7k. this is compounded with congress doing a 180...
4 hr macd is about to flip bullish pushing us past 4k to a 4500k price target. At a confirmation above 4100- 4250 and turning this zone to support with a major candle pull back above this zone we set up for a major cup and handle that takes us to 7k plus
Bull flag for eth cool off. 4k and then a massive cup and handle ETF is looking like it may be approved tomorrow From the Article Amid increasing speculation about the possible approval of a spot Ether exchange-traded fund (ETF) in the United States on May 23, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing...
AS you can see we broke out of the descending wedge at 3050 and have a daily confirmation. We need to turn 3250, then 3500. nd 3850 into support and we should go to 5k As we would have a monster cup and handle
if we break 3250 we should go up to test 3500. If we get a hard rejection we will go back to 2850 below that is a fast drop to 2500. I theorize a short squeeze may push bullish break out. This all forms a really large cup and handle that can push us upward of 5k
This has a chance to be Bull Flag on Eth but if we hve a large candle break the 2950 support we are going to 2500 zone. If we go up and commit past 3400 we should have 5k as a target.