#Ethereum #ETH #ETHUSDT #CryptoAnalysis
Ethereum is showing some fascinating price action today. Let’s break down the data to understand the underlying momentum.
The Volume Puzzle: What’s Really Happening?
Today, Ethereum is seeing massive volume—clocking in at 2x to 3x the daily average. Yet, despite this surge, the price remains relatively flat.
Why is this? This is a classic sign of Absorption. We are witnessing a heavy clash between "misguided" sellers and institutional-grade buyers. Every sell order is being aggressively filled by buy orders. The price isn't dropping because the demand is matching the supply perfectly, but it’s not rising yet because the selling pressure hasn't been exhausted.
The Bullish Thesis
Once this selling pressure is fully absorbed, the "supply overhang" will disappear. When that happens, we expect a strong bullish breakout.
Correction Status: The ABC correction is officially over. The signals are as clear as a cloudless sky.
The Target: Our immediate target is the $3,000 resistance level. Given the current momentum, ETH could hit this mark in a flash.
Long-term Outlook: While $3K is the first hurdle, the recovery won't stop there. This bullish phase has the legs to go much higher.
Strategic Takeaway: Buy & Hold
We are currently looking at the ultimate entry point.
Pro Tip: Once the price starts moving, volatility will spike. Chasing the pump will be difficult and stressful due to massive price swings. By entering now—while the price is consolidating—you bypass the chaos and secure a "stress-free" position.
The bottom line: The correction is behind us. Buy, hold, and get ready for the lift-off. 📈
