Real Ether —Super Ethereum: The Bigger Picture

30 בנוב׳

There are many points to consider, both logic and TA...
Good evening my fellow Cryptocurrency trader, let's look at Ethereum's Ether today.

What one does, the rest follows.
If the King moves, the Queen moves.
If the giants are moving, the rest of the market tends to do the same.

We have a clear idea about what will happen next, but we can appreciate how people become concerned about retraces and corrections. It is quite normal. Looking at the bigger picture can clear all doubts.

Here we have ETHUSDT on the monthly timeframe. This month has the highest volume ever on ByBit. And volume can be seen steadily rising since September 2023. Everything has been building up to this point, this moment.

The bullish breakout is on. A bullish impulse. An advance... We are going higher. This is the start.

This is the first month green recovering from a low point since September 2023. In March 2024, there was a price peak on the chart leading to a major drop. This drop ended in August and was followed by two months of consolidation. During this consolidation, the market was in suspension; the bulls won. We are going up.

The first month green, super strong with really high volume. This high volume indicates that this is a real and strong move. Since we know we have a bull-market in 2025, this move confirms the start of said bull-market.

An ultra-strong resistance range was present between $2800 and $3333. This is now a support range. As long as ETHUSDT trades above this range we are ultra-bullish, plain and simple. It can go sideways, it can blink, it can crash, it can jump; if prices remain above this range on the weekly and monthly timeframes, there is nothing to fear because it is clear that prices are going up.

Growth, growth, growth is what we are seeing and will continue to see long-term.

Next target sits around $4,100. A little lower but I am rounding things up.
This is followed by $4,800 and then $5,325; the first stop.

Another stop will show up around 6 and 6.6K, but there is no top before reaching beyond 7K. This is the minimum for this bullish wave.

Ethereum can keep on rising in 2025 and it will rise... My target is set around $11,300, but there can be more.

Thank you for reading.

This month is only the start.
Focus on the bigger picture, aim high; up we go.

Namaste.