ETH - Bullish [ ]-Timeframe: 3D-While most of the market/traders/investors are in panic, or shifting bearish at the major supports - we are seeing huge opportunities across the market!
ETH is showing strong reaction from the demand area/support with the potential full reversal from here up to $6k - $6.9k where i would expect bull market pico top to be.
I can see Inverse H&S forming inside of the flag, we could be consolidating around these levels for few more weeks before we start seeing money flowing into ETH & Alts as we'll 100% see ETF approval by the end of this year or early 2025.
Right below the current low we have 200DMA which should act as strong support and falling bullish wedge forming on the RSI.
ETH at $6k - $6.9k by EOY is inevitable IMO. Up only soon
