$ETH
Added 2024-12-02 13:13:02 +0000 UTC$ETH was running to the trend line at $2720 and it was looking like it was going to cut through this level like butter but it has met some resistance so far but this is to be expected, as the resistance line has been in place since March, this is also similar to $BTC's resistance line when it was at $69.1k, we watched this level get tested for 6 months too.....but when it did break above this level, it jumped nearly +40%.
We can also see that the 50 and 200 Day MA are about to cross on the daily chart, which is a Golden Cross and bullish indication, there is no stopping this cross from happening now.
I suspect there will be some consolidation below the yellow trend line but I believe it will break above this line and at least hit our $4000 target by EOY, bullish scenario would be a run up to the top blue line, which is the ATH level.
Holding.
