💰$ETH UPDATE:
In the daily time frame, $ETH already tried to break the resistance zone but got rejected. I'm taking this as a retest as we can see we are having good volume in Ethereum right now.
According to technical analysis, ETH already broke out in smaller time frames. These are retest candles we are having right now. But for confirmation, we need to wait for a few more candles. If ETH follows this price action, our next target for the upcoming weeks will be $4000-$4300.
Now, according to fundamentals:
* Crypto Whale Returns, Buys $26.7M Worth of ETH Amidst Market Surge
* New ProShares Ethereum ETFs Launched With Targeting 2x and -2x Daily Ether Returns
* $725 billion asset manager, Bernstein, says $ETH will reach $6,600 after spot Ethereum ETFs approval.
Although all the scenarios are bullish right now, we still need some positivity for the upcoming months. If there is any bad news, ETH will dip below $3400.
