Take a step back and examine the #ETH🔥🔥🔥🔥 chart on the Monthly timeframe—you’ll see a significant gap still waiting to be filled as ETH targets a potential cycle top near $15,000. Here’s why I’m confident it’s on track to reach that level:
Looking at historical price trends, RSI levels, and the broader market structure, it’s evident that ETH is just getting started. The fundamentals remain rock-solid, and with momentum steadily increasing, a push towards $15,000 as the next major peak seems entirely plausible. Buckle up; this journey is far from over!
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ETH is currently underperforming relative to BTC and appears undervalued in the short term, but the broader trend suggests a different narrative. Examining the Monthly RSI indicator reveals that ETH still has considerable room to grow before entering the overbought zone.
Looking back at historical patterns, ETH has typically hit its cycle highs only after reaching the overbought region on the RSI. If history is any guide, what we’re witnessing now is merely the early stages. The real momentum is likely still ahead.
Now’s the ideal time to accumulate $ETH. While the crowd panics and declares ETH "dead" due to its recent sluggish performance, seasoned traders recognize this as the calm before the storm. Remember the chatter about BTC being capped at 73k with a looming bear market? What happened next? BTC smashed past 77k and soared to 89k-90k, proving the doubters wrong.
The same misplaced fear is swirling around ETH today. Smart investors are seizing the opportunity—stacking up now to stay ahead of the pack.
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