Thesis
ETH remains in a long-term bullish structure. Price is rotating higher without a full reset to the 200WMA, suggesting underlying strength and a continuation bias.
Context
- Weekly timeframe
- Long-term ascending wedge intact
- Prior cycle highs still acting as structural reference
What I see
- ETH did not retest the 200WMA around $2450
- Price reclaimed the 50-day MA around $3000
- ETH is now testing the 0.5 Fibonacci level near $3160
- Structure shows higher lows and improving momentum
What matters now
- $3160 needs to flip to support to confirm continuation
- A successful hold here opens a move toward the upper wedge boundary
- Momentum remains constructive while price stays above the 50-day MA
Buy / Accumulation zone
- Current area around $3160 becomes actionable if confirmed as support
- Deeper pullbacks toward moving averages remain secondary opportunities
Targets
- Near-term: $3800 area (200-day MA + upper wedge confluence)
- Long-term cycle target: ~$9000 (Wave 5 extension)
Risk / Invalidation
- Loss of $3000 and failure to hold the 50-day MA would delay the bullish scenario
ETH remains in a long-term bullish structure. Price is rotating higher without a full reset to the 200WMA, suggesting underlying strength and a continuation bias.Context
- Weekly timeframe
- Long-term ascending wedge intact
- Prior cycle highs still acting as structural reference
What I see
- ETH did not retest the 200WMA around $2450
- Price reclaimed the 50-day MA around $3000
- ETH is now testing the 0.5 Fibonacci level near $3160
- Structure shows higher lows and improving momentum
What matters now
- $3160 needs to flip to support to confirm continuation
- A successful hold here opens a move toward the upper wedge boundary
- Momentum remains constructive while price stays above the 50-day MA
Buy / Accumulation zone
- Current area around $3160 becomes actionable if confirmed as support
- Deeper pullbacks toward moving averages remain secondary opportunities
Targets
- Near-term: $3800 area (200-day MA + upper wedge confluence)
- Long-term cycle target: ~$9000 (Wave 5 extension)
Risk / Invalidation
- Loss of $3000 and failure to hold the 50-day MA would delay the bullish scenario
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.