Ethereum's Merge Is Over: New All-Time High Next ($7,871.57)
2024-11-10

Good morning my fellow Cryptocurrency trader, something amazing is happening today. Ethereum, ETHUSDT, is now growing strongly, the strongest since April 2021... This growth is supported by the most important signal of all... Let's review this chart and where prices are headed next.

Here we can see MA200 working as support long-term. This is the black line on the chart.

This level worked as support in November 2022, in October 2023 and now late 2024. It was first challenged in August 2024 and the level held as support. From August until present day consolidation happened above this level and we are seeing a strong bullish breakout. The weekly session is full green with the highest volume since November 2022. This weekly candle is the biggest since April 2021, the last bull-run, and is about to close full green. Since it is full green coming out of a major low, this signals the start of the next bull-market. The bullish bias is now confirmed.

There are many levels to be challenged on the way up as there is a long road to travel, all of 2025, and possibly beyond.

To start, the immediate resistance sits at $3,342. This is followed by $4,011.
After $4,000, the next resistance level is a new All-Time High around $5,800 and finally, the projected ATH sits around $7,322 and $7,871. Now, these are the standard targets based on the extension of the previous bull-market cycle. These cycles occurred with Cryptocurrency still being something dark and opposed by governments and conventional finance. Cryptocurrency is now legal and fully supported by the whole world, how good can it get?

 We might be looking at the biggest and strongest bull-market ever and the next ATH can go to 10K, 20K, or beyond. The bull-market can also go for years... We don't know, but we have to open ourselves up to all possibilities because the world is changing and Crypto will play a main role in everything we do.

Thank you for reading.

Namaste.