💥ETH is at the bottom region, now is the golden time to increase positions. In Q1 2025, historically, 6 out of the last 8 years have seen increases, making ETH's Q1 market worth looking forward to;
A new week begins, last week was a week of adjustments. Everyone has been worn down by the market, and most cryptocurrencies are not showing good opportunities. Currently, it seems the market is about to change, and a big fluctuation is imminent. How can we seize this big fluctuation?
Since the adjustment started on December 8, it has been nearly 20 days; the time is relatively ample.
1) The price around 3000 is a strong control price chosen by the main forces, providing strong support for ETH.
2) The monthly level is a normal consolidation after an accelerated rise, having not fallen below MA5 and key chip support.
3) The weekly level is firmly maintaining the platform area. Even though BTC and most altcoins are hitting new lows, ETH's bottom has risen from 3100 to 3200, and now to 3300, gradually increasing. The strong remain strong, and if 3300 is slightly broken, it would be an excellent point to increase positions.
4) The two-day line is facing a death cross or rejecting the death cross, so it is highly likely that a directional choice will be made soon.
5) The daily trading volume is gradually decreasing, and market trading sentiment is low, indicating that a big fluctuation is imminent;
💥Positive Narratives
6) Ethereum is upgrading in early 2025.
7) Ethereum spot ETF had a net inflow of $349 million last week, maintaining a net inflow for 5 consecutive weeks.
8) Looking at historical patterns from 2017 to now, in the last 8 years, there have been increases in 6 years and only two years of declines. In those two instances, ETH was basically at historical highs, while the current price is still 30% lower than the historical high; therefore, even if Q1 performs poorly, the downside potential is limited;
