Ethereum is approaching the decisive phase that could transfer it to a five -digit territory, according to the multi -ecological analysis from Trader Cantoense Cat (@cantonmeow).

Ethereum ready to break up the ups of all time

In the film published today, the analyst claims that Eth has cleaned the resistance cluster in the behind schedule cycle and currently shows the convergence of technical signals-for monthly letters, every week, every day and end-of-ended-who favors some of the higher goals to be met, maybe 1.272, 1,414, 1.618, wherever five figures. ” FIB levels would be ETH at 7,752 USD, 9,883 USD and 14 011 USD, respectively.

On the monthly chart, the analyst focuses his case about the structure and variability on a logarithmic scale. Eth, he says, spent months, stopping around the withdrawal of $ 0.886 near $ 4,000 – the same zone that repeatedly pushed the market during earlier attempts – but “we broke it last month.”

He notes that the wick of the latest pushing has already arrived over the Wime from the peak of November 2021, strengthening the idea that the supply at the previous summit is thinned. At the same time, the monthly Bollinger teams are expanding, and the price “impulsively goes here with the upper Bollinger team”, and the background, which he describes as in accordance with the acceleration of trends, not an average reverse. “This is conducive to some of the higher goals to achieve,” he said, emphasizing the sequencing: “We must first break above the previous highest all time before we can talk about moving up.”

The second pillar of the stubborn work is the Ichimok profile in various cycles-especially the Tenkan-seen fusion (conversion line) and Kijun-seen (basic line). “When you have Tenkan and Kijin connected to you, and the price goes with it, this fusion is called katana,” he explained. Historically, he said that “accelerates heavy traffic”, and at the price above the katana “Katana shoots the price”. In the current structure: “We have built a katana here, and the price is currently impulsively goes up, so it is also beneficial for Ethereum.”

In the weekly time, the Kantonian cat transfers the progress of ETH through the three -cyclical template specified by the “cycle liquidity zone” acting as rotary. In each previous cycle of deviations above and below the line of trends ruling before enduring movement after regaining the zone. He places the current consolidation directly on this project: after breaking the “liquidity level $ 4000” ETH “comforts sideways … tries to find energy before breaking higher.” He said the rear test was possible, but not required; The “basic case” remains a continuation, unless the chart is annulled.

Lower time frame signals

His lower time frames, in his opinion, are already in line with this result. On the Daily chart, he emphasizes the developing “Adam and Eve Continuation pattern” nested in a classic mug and a handle in which “the handle … the volume is not so great”, which perceives as a textbook, and then “quite decent volume of stubborn candle”.

Meluted in relation to the retraction on a logarithmic scale, the price was rejected at 0.786, support was found at 0.5, and now “is trying to break 0.6 … Return to return … to 0.786”, the rhythm that says “it is respected quite incompatible.” He also points to a short-term DNA sequence-“you can see something called pain … if you have about two or three of this type of wick that stops in this way, it is usually a fairly decent bottom”-and a three-day “morning star” reverses: “This is a model of reversal and it can end up to reverse … it seems that it works well.”

On a 12-hour chart, he reads the structure as a reaction in the sense of Wyckoff, referring to a “rounded DNA”, reinforced secondary test-“ST is higher than VCLX”-and the appearance of the costs of the “stream” that the price seems ready for the vault. “It looks like a reccumulation pattern … showing some strength … consolidating sideways … to earlier reccumulat [a] A party continuation – he said, adding that after an earlier vertical leg, digestion at elevated levels is constructive.

He claims that the diagnosis of relative strength strengthens the narrative directed by ETH. Ethereum market care indicator (ETH.D) “broke over the cloud of Ichimoku … with strength”, and then “tested the cloud for about four weeks” and may wait for thisk to “resume … as support” before the next leg. He adds that for every month the variability adds: “20-month average mobility has been recovered … and we simply spent a month in testing”-a good one that domination may be higher if the rear test. “In principle, this means that Ethereum still wants to surpass the rest of the cryptocurrency market here [the] predictable future – he said.

Outside width indicators also tilt the risk within it. The Total3 index (Total Crypto Market Cap, excluding Bitcoin and Ethereum) “Trying to break above and create a high level of all time” on the monthly structure of “Mug and handle”, while the “Others” index (market capitalization, excluding the 10 best coins) gravity[ing]… to the next level 0.886. “

He emphasizes the distinction between logarithms and linear retakens, noting the unsuccessful linear breakthrough 0.886 in an earlier attempt: “If we broke over the linear, as well as a log 0.886 here with style, I think that others would reach exceptionally well and end on the floor of Ethereum.” His conclusion is unambiguous: “I am stubborn in Ethereum. I am stubborn on Altcoin. I am stubborn about the cryptocurrency market at all.”

During the press, ETH traded at USD 4565.

A distinguished painting created from Dall.e, chart from tradingview.com