💰 ETH/USDT on the Weekly Chart:

We’ve touched a key support level and nearly hit the 200-week EMA. RSI shows we’re at oversold levels.

What’s happening in the market?

• Exchange reserves are at an all-time low

• 30% of the ETH supply is staked

• Big companies are launching their own ETH L2s

• There are now over 1 million validators

• ETH Spot ETF got approved

• ENS is now supported by GoDaddy, Google, PayPal, and Venmo

• The Pectra upgrade is coming in Q1 2025

Strategy: Buy the FUD, sell the news in Q1 2025.