ETHUSDT Analysis by @CryptoGooss

The analysis begins with a bullish outlook on Ethereum's potential, despite some market drawbacks. Overlaid with Bitcoin dominance, the analysis points out that Ethereum tops typically need a large downside move of the Bitcoin dominance index dropping under 40%. Bitcoin is forming a symmetrical triangle, signalling a potential breakout. Bitcoin is facing resistance near 123080, a breakout which could lead Bitcoin to 140000. A bullish outcome for Ethereum is expected after the FOMC meeting, based on the performance after such meetings before. Ethereum's ETF saw a large inflow yesterday. Ethereum faces resistance at 4000, an area where the content creator expects to realize some profits. A bullish target with a golden cross is shown, for ETHBTC, and a price explosion is expected.

The analysis begins with a bullish outlook on Ethereum's potential, despite some market drawbacks. Overlaid with Bitcoin dominance, the analysis points out that Ethereum tops typically need a large downside move of the Bitcoin dominance index dropping under 40%. Bitcoin is forming a symmetrical triangle, signalling a potential breakout. Bitcoin is facing resistance near 123080, a breakout which could lead Bitcoin to 140000. A bullish outcome for Ethereum is expected after the FOMC meeting, based on the performance after such meetings before. Ethereum's ETF saw a large inflow yesterday. Ethereum faces resistance at 4000, an area where the content creator expects to realize some profits. A bullish target with a golden cross is shown, for ETHBTC, and a price explosion is expected.