ETH doesn’t look done pumping yet. While it’s screaming for consolidation, past cycles suggest another leg up toward $5,200–$5,400 or even higher at $6,000 before hitting critical overbought levels.The likely scenario, if history repeats, is a sharp correction back to the EMA 50. However, strong institutional inflows could front-run this, pushing
ETH higher without ever revisiting $4,000.MACD and RSI are extended, but price action remains resilient.
ETH can stay overbought longer than expected before finally flipping bearish.No bearish divergeance, just a nice pump.
Bottom line:
ETH still looks bullish, with 20–50% upside from here likely. But momentum is heating up, so it may be wise to gradually secure profits before the inevitable pullback.DYOR
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
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Disclaimer
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