#ETH whats next??
The Big Sunday Report: All You Need to Know
🚩 TA/LCA/Psychological Breakdown: A massive ascending triangle is forming on the monthly chart, preparing for a huge breakout. We're still holding our bags from $900 because the road to the $6K–$8K region is about to begin. It's still a good time to enter everything below $4K is a gift for the mid-term. Those who bought with me at $3,200 recently are already seeing good profits. So, what’s next?
We recently witnessed a significant golden cross on December 4th. At the same time, there have been increasing outflows of ETH from exchanges. In the last two months alone, over 7.9 million ETH have been transferred from exchanges to private wallets. Another critical fact is that just 104 whales hold 53% of the total ETH supply, and many of them have been accumulating more ETH just below the $4K region. To me, it’s clear that ETH is preparing for a massive leg up toward the $6K region soon.
At the same time, Deutsche Bank is reportedly developing a Layer 2 solution on the Ethereum blockchain to address regulatory challenges faced by financial institutions. This is a significant development. Ethereum’s blockchain can be used for virtually everything, from the tokenization of assets to running the digital euro. This is precisely where we’re headed by 2030, and Ethereum’s use case will shine brighter in the coming years. In my opinion, the "meme coins" we saw during the last bull market were just a "test" to demonstrate the true capabilities of the Ethereum network.
Now, the most important factor to watch is how ETFs are reacting to ETH. We can clearly see a shift in market behavior toward a strong "BUY" sentiment.
ETH is clearly preparing for a significant move toward $6K first, with a target of $8K likely by the end of 2025. The chart below shows the 3D chart, highlighting the strong support around the $2,800 region. I'm thrilled that I bought at $900 and advised you to do the same back in 2021. I also suggested buying at $2,200 in August and September. Now, it’s clear that $2,800 is the next "perfect" entry point. However, I wouldn’t risk waiting for this price. Instead, I prefer accumulating more as we approach the $2,800 level. For example, just two days ago, ETH hit $3,150, which I believe is an excellent mid-term entry.
Once we break out above the massive ascending triangle forming on the monthly chart, many will regret not having bought in time.