If we break 4250 we form a major cup and handle. If we take the depth of the both and add it to the handle we have 65% chance of pumping to 6900/ 7k
this pattern is only valid if we break 4250 with a confirmation and turn it into support.
The ETH ETF may be approved this week and it would start blast off to 7k. this is compounded with congress doing a 180 and taking on the SEC
The SEC’s decision on VanEck’s spot Ether ETF is due by May 23.
This is compounded with a big short squeeze. Eth has liquidated 110m in shorts in the past 24 hrs and 1billion in open interest has started on options.
Can I get a hell yeah?