$ETHUSD: Long term trend and cup and handle pattern...Ethereum is finally very close to breaking out into a new 52wk high following a long term basing pattern that looks like a classic cup and handle. Timemode signals warned us of its bullishness earlier, as the daily, weekly, monthly and now quarterly trends turned bullish one after the other since April this year.
If you're sidelined or short, join the bulls and go long ASAP. Risk is a drop under $1715 for the long term patterns at play here, projected targets range from 10k to 95k long term. Fundamentals as you probably know favor a massive bullish trend as ETH transaction count breaks ATH, institutions race to acquire more ETH day to day, ETF flows are steadily bullish and regulations have become favorable for the growth of defi via stablecoin and RWA adoption, as well as potential for new defi primitives and existing ones to gain traction with widespread use.
Ethereum defi now is secure and solid enough, and can handle the required throughput, and the wheels are in motion for a spectacular move from here.
Best of luck!
Cheers,
Ivan Labrie.
