Technical analysis by DeadCatBounceHouse about Symbol ETH: Buy recommendation (5/21/2024)

If we break 4250 we form a major cup and handle. If we take the depth of the both and add it to the handle we have 65% chance of pumping to 6900/ 7k this pattern is only valid if we break 4250 with a confirmation and turn it into support. The ETH ETF may be approved this week and it would start blast off to 7k. this is compounded with congress doing a 180 and taking on the SEC The SEC’s decision on VanEck’s spot Ether ETF is due by May 23. This is compounded with a big short squeeze. Eth has liquidated 110m in shorts in the past 24 hrs and 1billion in open interest has started on options. Can I get a hell yeah?The current bull flag should be enough to get us there.4hr macd is about to flip positive and retail fomo should ensue this weekend.this is still in play we should be going up soon,