Ethereum -> The Beginning Of The Next Bullrun

٣ فبراير ٢٠٢٣

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.

From a weekly perspective Ethereum and the whole crypto market is looking like it is potentially slowly starting the beginning of the next crypto-cycle.
On Ethereum specifically it seems like the market just wants to head higher and create a very bullish long term double bottom, before then eventually starting a short term correction to the downside.

On the daily timeframe I am now just waiting for an opportunity to enter a long postition, however the market is currently testing previous resistance which is turned resistance once again, so I am just waiting for a break above the zone, followed by a retest and then there is a high probability that we will actually see the continuation towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/ETHUSDT/oHaCRs1v-Ethereum-Analysis-27-01-2023/