The Long Investor

$ETH

Added 2024-12-04 12:53:40 +0000 UTC

$ETH is back above the $3700 yellow resistance line, on the same day it completes its Golden Cross between the 50 and 200 Day MA

A nice bullish indicator to get it above the resistance line.

We managed to get above this line over the last 7 days but on the retest it did not hold, so we would like to see it hold now, as $BTC did at its own resistance line at $69.1k

The 2.618 Fib is always our target for Wave 5 but I have added in the 3.618 Fib as the extended Fib and it does go up nicely to the previous high at the blue line at $4750

Can this happen by the end of the year?....it will be tight but it can not be ruled out, either way, let's hold until resistance is found.