Ethereum’s Journey: A Technical and Macro Perspective
In the last article, we walked through Ethereum’s setup, emphasizing a critical demand zone. Many hoped it would hold steady, but it didn’t. The price swept the liquidity sitting just below, a classic move seen often in the crypto markets, before bouncing back robustly.
What followed was a textbook scenario: ETH left an H2 demand with imbalance, filled it perfectly, and then launched. This move was not just a technical marvel but also a testament to the intricate dynamics of the market.
Macro Factors at Play
Interestingly, the recent surge wasn’t entirely organic. It received a significant boost from macroeconomic influences, notably comments by Federal Reserve Chairman Jerome Powell, followed closely by a speech from former President Donald Trump. When macroeconomic factors align with technical indicators, the results can be explosive, as witnessed in this case.
Will Ethereum Break New All-Time Highs?
The big question on everyone’s mind: Will Ethereum break into fresh all-time high (ATH) territory? This phase of the market presents a tricky situation. Markets often entice traders with setups that seem too obvious. While Ethereum currently shows robust strength, it’s crucial to remember that certainty is a rarity in trading. These scenarios are not guarantees; markets can pivot unexpectedly, especially when traders become overly confident.
Currently, Ethereum has grabbed the downside liquidity and is showing formidable strength, leaving upside targets very much in play. If the current momentum persists, a new ATH isn’t just possible — it feels increasingly likely. However, the key is to remain grounded. As always, the strategy remains to trade the levels, not the emotions, ensuring decisions are based on analysis rather than instinct.
For further insights and detailed analysis, visit the source: Ethereum Price Prediction: Will ETH Hit a New ATH Soon?
