ETHUSDT Analysis by @CryptoGooss

The analysis focuses on Bitcoin and Ethereum, suggesting Ethereum is poised to mirror Bitcoin's pre-2020 breakout pattern. Ethereum is outperforming Bitcoin in the short term and is approaching reclaiming a critical resistance level, a breakout from which could trigger a significant upward move. The Ethereum versus Bitcoin price action is breaking out. For Bitcoin, it retesting previous support around $108,000 and $110,000, potentially acting as a springboard for another move. Despite some losing momentum, Bitcoin is bolstered by the US Federal Court blocking new tariffs and by continued institutional accumulation, with BlackRock's recent purchase of nearly $500 million worth. In the immediate future, FTX will release $5 billion in stablecoins to creditors to provide liquidity in the market. The analysis points out potential breakouts from ascending triangles for both assets. Ethereum faces a yearly resistance, which when cleared targets a four-yearly resistance. The video gives $4000 as a reasonable target, to be used as the current reasonable target, using technical analysis. A bullish reversal of Ethereum has started and has seen a first higher low as part of the current trend.