WATCH out for $ETH ! 👀 Is Ethereum the Healthiest Rally of the Moment?
Hello, my people! 👋
While the world celebrates $BTC for breaking $120,000, a trained eye knows to look beyond. Today we will focus on #Ethereum and its incredible performance 🚀
What the Chart of $ETH tells us is a Sustainable strength!
Impressive Rise ✅ Ethereum is on a very strong upward trend, breaking its resistances and establishing new highs, the buying strength is undeniable!
Powerful Engine, But Controlled 🚦: Unlike Bitcoin, whose RSI on 4 hours surpassed 90 points (extreme euphoria zone), Ethereum's RSI is at a healthy 78.70. This means that, although there is overbought, it still has "more fuel in the tank" before a critical overheating
Ordered Ascent 💪
The price is "walking" along the upper Bollinger band, which is characteristic of a strong and well-structured upward trend, rather than an unsustainable parabolic rise
What Can We Expect from Ethereum
The current structure of Ethereum is more promising for a continuation of the rally in the short term:
Bullish Scenario 🟢 Ethereum is likely to attack and surpass the recent high of $4,560, with the next big psychological target in sight: $5,000!
Pause Scenario 🟡 A healthy consolidation or pullback towards the middle Bollinger band (near $4,448) is also a possibility, which would allow the indicators to "cool down" before the next push
Conclusion:
While #bitcoin shows clear signs of extreme exhaustion, Ethereum presents a narrative of more sustainable and controlled bullish strength. This makes it a very interesting asset to closely follow.
Do you think #Ethereum has what it takes to reach $5,000 before a major correction? I read you! 👇
#MarketUptober #AnalisisTecnico
Hello, my people! 👋
While the world celebrates $BTC for breaking $120,000, a trained eye knows to look beyond. Today we will focus on #Ethereum and its incredible performance 🚀
What the Chart of $ETH tells us is a Sustainable strength!
Impressive Rise ✅ Ethereum is on a very strong upward trend, breaking its resistances and establishing new highs, the buying strength is undeniable!
Powerful Engine, But Controlled 🚦: Unlike Bitcoin, whose RSI on 4 hours surpassed 90 points (extreme euphoria zone), Ethereum's RSI is at a healthy 78.70. This means that, although there is overbought, it still has "more fuel in the tank" before a critical overheating
Ordered Ascent 💪
The price is "walking" along the upper Bollinger band, which is characteristic of a strong and well-structured upward trend, rather than an unsustainable parabolic rise
What Can We Expect from Ethereum
The current structure of Ethereum is more promising for a continuation of the rally in the short term:
Bullish Scenario 🟢 Ethereum is likely to attack and surpass the recent high of $4,560, with the next big psychological target in sight: $5,000!
Pause Scenario 🟡 A healthy consolidation or pullback towards the middle Bollinger band (near $4,448) is also a possibility, which would allow the indicators to "cool down" before the next push
Conclusion:
While #bitcoin shows clear signs of extreme exhaustion, Ethereum presents a narrative of more sustainable and controlled bullish strength. This makes it a very interesting asset to closely follow.
Do you think #Ethereum has what it takes to reach $5,000 before a major correction? I read you! 👇
#MarketUptober #AnalisisTecnico