Ethereum

The price is showing us my favorite structure which is the continuation pennant at the lower time frame. Also, this occurred right after the price claimed back above the $3.6k as the strong resistance and also confirm the higher high structure.

The latest Ethereum spot ETF approval is also giving us a high level conviction about the Ethereum itself and also the L2s on its network.

The trading day of the ETF hasn't started but we can see from the chart that market participants are very confidence with the current structure as well.

Based on the technical, we see a bullish pennant and also respecting the 21 EMA on the 12 hours time frame as dynamic support.

With this structure forming, my nearest target is to reach $4k as the nearest psychological level (due date possible at June 30) and also to reach the $4.8k before the end of 2024 which is also the prior ATH level.

If you want to invest big, you can bet on ETH but if you want the higher beta of ETH, you can start to accumulate the good L2s.