Ethereum 4000 has been reached

24/11/22 BTC continues to break through 99000, ETH's catch-up looks promising to reach 4000, the greed index approaches historical highs.

According to Reuters, Trump's 'Cryptocurrency Advisory Committee' is expected to establish a committed Bitcoin reserve. The greed-fear index has reached a previous high of 94, also in the extreme greed phase.

The weekly chart has seen three consecutive bullish candles. From the perspective of the Fibonacci extension line, after breaking 94700, the next pressure is around 107000. Currently, the highest has also reached over 99000.

Ethereum has ended a week of oscillation and is choosing to break upward. The highest point reached before this article was 3386, less than 100 points away from 3444, increasing the probability of a breakout. As long as Bitcoin does not experience a significant pullback, it is not ruled out that it could reach around 4000. Every rapid surge in Bitcoin without Ethereum following suit has been criticized, but in my opinion, this is a normal trend and logic; we just need to wait patiently.