Neua0001

It took longer than I thought, but the double top on ETH finally played out.Recent Price Movement Ethereum (ETH) has recently completed a “double top pattern”, which is a bearish reversal pattern that typically indicates a potential price decline after two peaks at approximately the same level. In late 2024, ETH reached its peaks, and as of today, it has executed the measured move down to 3k, confirming the pattern's implications.What's Next for ETH?Potential Price Action Following the completion of the double top, traders should be cautious. The immediate outlook may involve a retracement or a potential decline below the $3,000 level. If ETH fails to maintain this support, it could lead to further downside, with targets potentially revisiting previous support levels established earlier in 2024.Long-Term ConsiderationsDespite the bearish signal from the double top, the long-term outlook for ETH remains cautiously optimistic, especially with ongoing developments in the Ethereum ecosystem and potential regulatory advancements. Analysts are still predicting a bullish trend for 2025 and beyond, contingent on broader market conditions and technological advancements within the Ethereum network.In summary, while the double top pattern indicates a short-term bearish sentiment, the overall market context and future developments could still provide opportunities for recovery and growth in the long run. Traders should monitor key support levels and market news closely to navigate the upcoming volatility.

LINK is breaking out of an accumulation zone and completing a cup and handle formation with a measured move in the $33 region. Watch for the resistance zone above $33 for a potential stall out of the move; however, if it can break that level, then we can easily move much higher.Remember, BTC finally diverged from the market today. This could be the beginning of ALT season that we have all been waiting for since late December.

BTC and many ALTs have reset their Stochastic RSIs and their SRSIs and CMFs are turning up. Look to PEPE and SOL to be first movers as their SRSIs and CMFs have already broken the trend and are signaling a move higher.Layer in that ETH held up during the morning dumb and is leading BTC higher and we may be in the making of the coming ALT season.ETH has continually bounced from its buy zone (bars in green) and the double-top may already have played out (see measured move to 3k). Is it time? Only God knows, but the charts are starting to look promising.

Though ETH is in a long-term cup and handle pattern that is likely to take us to 5k within the next couple of weeks, short-term, ETH is completing a double-top formation that is likely to bring us down into the 3k buy zone.If this pattern plays out, it is likely to do so in the next week or so and may be our last chance at an entry below 5k for this bull cycle.

ETH has formed a perfect cup and handle pattern on the weekly. Though it is likely in for some consolidation, this pattern indicates a move to 5k over the next few weeks.

ETH is fighting to break free from its current resistance zone. Keep an eye out for a break above 3460 on the daily.

ETH is fighting to break free from its current resistance zone. Keep an eye out for a break above 3460 on the daily.

OCEAN has often followed ORCA’s moves. OCEAN just broke a major resistance zone and had a $0.10 gap before hitting the next. If history rhymes, then OCEAN may be ready to PUMP!

OCEAN just broke major resistance and has a $0.10 gap before the next resistance zone. If it follows ORCA, like it has done in the past, then this token could be ready to run.

The giant bull pendant on the VELO chart represents the bullish trend in the price of the VELO, typically indicating strong buying pressure and positive market sentiment, suggesting that the price of VELO is likely to continue rising in the near term.