Ethereum January and Q1 Analysis
Ethereum has formed a cup and handle pattern on the monthly chart, and a breakout could happen at any moment. The first target is $6,510, and I expect this to occur in January. By the end of March, I foresee Ethereum trading above $10K.
On the daily chart, the cup and handle pattern is also active, and a breakout seems likely within the next two weeks. Everything looks positive, and I anticipate a very strong Q1 for altcoins. I expect institutional buying driven by ETFs to significantly increase Ethereum demand, which is already happening – recent ETF inflows confirm this.
I'm confident that once Ethereum clears the way, the Solana, Kaspa, Avax ecosystems will experience strong rallies. For now, it's time to patiently wait and enjoy the moment.
