ETHUSD is going +100% up after this bullish cross.

Ethereum / ETHUSD in on its 3rd straight green week and if it stays that way, it will be the first 3 week bullish streak since March 4th.

The long term pattern is a log Channel Up going back all the way to June 13th 2022.

The price bottomed in August and early September on the 1day MA200 and last week we had the first bullish break out as the price crossed above the 1day MA50.

This week we are having the second as the 1week RSI is crossing above its MA, with the previous such crossing (Oct 16th 2023), starting the last aggressive bullish leg.

The third and final bullish signal will be once the price crosses above the 1week MA50.

In our opinion the new long term bullish leg has already started and in early 2025 we can see new ATH, more specifically 5500 at the top of the Channel Up.

That will be a +100% rise from the current levels.

Previous chart:

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