Ether may leave a group of naysayers speechless.
On the weekly chart, the key points I am paying attention to are as follows:
First, the monthly RSI is above 70 (marked by the blue dot), and in the past, most significant price increases occurred under this condition. A review of the previous two cycles makes this clear.
Second, the monthly stochastic indicator reverses when above 75, whereas it is currently below 25. Therefore, we still have ample time.
Third, there is a bearish divergence in the monthly RSI. However, based on the current situation, its formation will take at least another year, and we are far from the conditions needed for it to form.
Your bullish belief is still not strong enough. When others mock Ether, it is actually a great opportunity to accumulate Ether and its main associated high-volatility assets.
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