1. Approval of Ethereum funds. So far, Ethereum has not breached the peak of the previous cycle, and I do not expect a bull market to occur and end in a bear market without achieving a historic peak for Ethereum.. 2. Most of the global markets have achieved historical peaks, such as the S&P 500 index, the Dow Jones, the Nasdaq, the Japanese Stock Exchange index, the German Stock Exchange index, the French Stock Exchange index, the London Stock Exchange index, gold and copper.. 3. Clear technical weakness in the US dollar, as it targets a bottom this year, God willing, with weakness in the wheat index, which also targets a bottom, which reflects positively on high-risk markets. 4. The approaching date of the American elections is an economic stimulus, and the government is trying to support political stability and economic stability before the elections approach and to support growth to avoid political turmoil. and a Wyckoff model chart for Ethereum is attached.
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Bitcoin is in the same pattern as Apple stock in the recent rise of Apple stock, This same pattern was formed in 2023 for Bitcoin, when it rose to 32,000, then fell to 24,000, then rose to 32,000 and fell to 24,000. This movement began in April 2023 and continued for 150 days before 31,000 was breached. The same pattern was formed on a larger frame on the DXY dollar from 2016 to the 2022 peak The failure point of this pattern is breaking the last bottom of Bitcoin at 56 thousand and closing a week below this bottom.
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