Total Quality
Score
If You Had Traded on This Analysis…
Correct
ETHUSDT
Entry 4,044.7000 2025-08-08 19:44 UTC
Target 4,106.0000 In 9 Hours
Fail 3,800.0000
Risk / Reward 1 : 0
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Final PnL
1.52%
P/L:
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ETHUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis begins with Bitcoin, noting key support at $110,000 and resistance around $124,000, derived from the power law chart and logarithmic regression channel. The analysis suggests Bitcoin remains relatively safe above $110,000. The analyst presents a fractal observed on the 4H chart, likening it to price action seen at the start of the year involving consolidation, a resistance retest, and subsequent upward movement. Emphasis on the importance of Bitcoin breaking either $124,000 or $110,000 to confirm a macro direction.Ethereum is analyzed, with a positive outlook. Ethereum is up 185% from its April lows while Bitcoin has only increased by 60%. Focus is placed on breaking range highs, predicting Ethereum will outperform Bitcoin, and the ETH/BTC chart is showing upward strength. A weekly chart shows an aggressive uptrend, breaking key resistance lines to confirm the view.The analysts suggests it's currently in an Ethereum season. The total 3 altcoin market cap needs to outperform Ethereum.
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