$ETH Monthly chart | Macro Perspective UPDATE

So, we've got a good mid-term bounce exactly as I expected 👌

and looks like we’ve invalidated the bearish scenario (Wave Y to $700) by breaking above the red Rejection Zone 📈

We can’t ignore this strength. This doesn’t look like a Dead Cat Bounce

Now we have to wait for the monthly close to confirm the bullish bias for the rest of the year 🐂

Pay attention to $ARB here 👀

Textbook Double Bottom on the daily

🎯 Target - $1

Highest weekly close on $ETH since November 2021! 🔥

New ATH 🔜 🤫

#ETH keeps flowing out of centralized exchanges. In the un last seven days alone, net outflows have topped roughly $380 million worth of ETH.

📈👀 Over the last 1.5 days before the FED meeting, approximately $9 billion in stablecoins flowed into exchanges. #stablecoin

🐳🐳🐳 JUST IN : Whale just longed $137M position of 1.42K #BTC, with an entry price of $96629 and a liquidation price of $87,681.

🇺🇸 NEW: Arizona Bitcoin Reserve Bill SB 1373 has been passed by the House Committee of the Whole.

🇨🇳 JUST IN: China’s M2 money supply just hit a record $326T, and analysts say the surge in liquidity could help push #Bitcoin toward the $90K mark.

JUST IN: 🇺🇸 Golden statue of President Trump holding a Bitcoin placed outside the US Capitol.

📊 Crypto Fear and Greed Index

🧭 Index Value : 52
😱 Sentiment : Neutral
💰 BTC Price : $116431

📊 Market Overview:

BTC : $117165
ETH : $4574.11
BNB : $996.09
SOL : $246.2

📈 Market Cap :

Total : 4.2T
DeFi : 166.43B
24hr Vol : 212.76B

⚡ Sentiment :

FGI : Neutral (52)
Open Interest : 85.04B
24h Liquidation : $399.7M

I can’t believe $APT is still trading below $5

Criminally undervalued.

220 Days of Accumulation.
Breakout will be massive 🚀

📊 Crypto Fear and Greed Index

🧭 Index Value : 48
😱 Sentiment : Neutral
💰 BTC Price : $115616

#TOTAL MARKET CAP ANALYSIS

The total crypto market cap is consolidating inside a rising wedge pattern, currently trading above the support trendline. The 21MA is acting as support, suggesting a possible bounce from this level.

On the other hand, a breakout above the wedge would invalidate the pattern and could pave the way for a new ATH. Keep an eye on the next move.

📊 JUST IN : Bitcoin hits $113,000

ICYMI: 🟠 Publicly traded Capital B has acquired 551 Bitcoin worth $62.2 MILLION 👀