📊 ETH surges 7% to $2,409 (June 24), mirroring a bullish fractal from Jan 2024 — a setup that last led to an 80% rally. If history repeats, ETH could break $2,800, then eye $4,000+.
📉 Over the weekend, ETH dipped on war fears, but bounced after ceasefire news, reigniting risk appetite. This mirrors the Dec–Jan consolidation that preceded a massive run.
📈 The RSI is echoing January’s pre-rally setup and rising. If it crosses 50, bulls may gain control. But a close above $2,800 resistance is key to confirm this bullish fractal.
⚠️ However, on-chain data shows traders are cashing out, and short positions are rising — potentially capping near-term upside.
📌 Summary: ETH’s chart points to a breakout, but watch $2,800 closely. If broken, the path to $4K could reopen — if whales outweigh short pressure.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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