Technical analysis by traderview2 about Symbol ETH on 2/11/2024

traderview2

Hey everyone!2023 turned out to be a great year, as expected!2024 shaping up to follow similar footsteps.ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.As I was doing HTF analysis on ETH, this fractal comparison came to light.Since I've seen it, I can't unsee it1. Exact same ABC correction marks cycle bottom2. 5 wave structure under bear market resistance3. 2 rejections under bear market resistance (wave 1 & 3)4. Fifth wave breaks bear market resistance5. Exact same retest on 50 EMA & previous bear market resistanceMaybe the ETFs speed up the usual "halving pattern"?This charts say 3K+ en route soon, invalidation being a break of the key!Thanks for reading, please comment and like!Needed some more confirmation?No worries, observe 2W RSI Haven't even crossed 68 yet 👀