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
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.