$ETH Analysis 11/21/2024

#ETHhas improved a lot since the last analysis. Note that we recovered the green band, which was my closest target, and we formed a good support just above the green band, which was very positive for the price to seek this gray band that I added to the chart.

This gray band is where we start to have difficulty breaking through, of course, it is expected that we can break through this level and go to the higher orange band around $4K, from here we will already have some difficulty.

ETH always surprises us with weak price action, so I will not expect much from it here. As long as we can stay above $3,200 in any eventual pullback, it will be good and will give us more certainty of a strong move to the higher orange band.

I want to see how the price will react within the gray band. If we can repeat what we did with the lower green band, where we passed and formed support above the band, then that would be ideal. Otherwise... we will have to see how the price reacts within the gray band.

We have recovered the 50/100/200 EMAs and are already moving away from them, which is good. The RSI doesn't look very good, but we still have room to try to break the gray band before a pullback.

With each strong reaction here in Ethereum, the #altcoin also wake up, so we need Ethereum to lead the Altcoin season.

I remain bullish on ETH, of course I'm not talking about buying it to make profits in 2025, because clearly no one should be buying it thinking they'll get rich in 2025. I AM OPTIMISTIC because as it goes up, all the altcoins will do the same.

Many people ask me about ETH, it is a fantastic project, but it has to solve this issue of fees that are really high to attract more people, however, in relation to the rest of the things in the project I think it is something formidable.

You will not get rich in 2025 with this!

* If you have any questions, do not hesitate, go to my INSTA (it is in the fixed image of my profile here), call me and ask your question.