Ethereum family, are you watching this? The macro chart is looking absolutely legendary right now.

Looking at the 1M chart, $ETH is perfectly respecting a long-term ascending channel that has been in play for years. We've just successfully bounced off the major support zone near $1,906, confirming the bottom of the current range. The next major technical hurdle sits at $3,396. Once we clear that resistance, the path toward the $4,958 all-time high and the channel ceiling near $5,197 looks wide open. The green arrows indicate a clear bullish trajectory as long as we hold above the $2,000 mark.

On the fundamental side, the Ethereum ecosystem is seeing massive tailwinds. With the recent approval of Spot ETH ETFs and the upcoming Pectra upgrade aimed at improving user experience and scalability, institutional interest is at an all-time high. Furthermore, the deflationary pressure from the burn mechanism and the growth of Layer 2 solutions continue to solidify its market dominance.

My strategy is simple: don't let the short-term noise shake you out. This is a macro accumulation play. I am looking for a solid weekly close above $3,400 to confirm the next impulsive leg up.

Highly recommend HOLD and Stacking ETH at Binance

Feel free to comment the altcoin you are holding and we will check it for you!

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