đ° ETH/USDT on the Weekly Chart:
Weâve touched a key support level and nearly hit the 200-week EMA. RSI shows weâre at oversold levels.
Whatâs happening in the market?
âą Exchange reserves are at an all-time low
âą 30% of the ETH supply is staked
âą Big companies are launching their own ETH L2s
âą There are now over 1 million validators
âą ETH Spot ETF got approved
âą ENS is now supported by GoDaddy, Google, PayPal, and Venmo
âą The Pectra upgrade is coming in Q1 2025
Strategy: Buy the FUD, sell the news in Q1 2025.