$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 👀

🚀 Fundstrat co-founder and BitMine Chairman Tom Lee believes Ethereum (ETH) is entering a "super-cycle" lasting 10-15 years, with potential for major corrections. Previously, Lee compared ETH today to Bitcoin in 2017, calling 2025 a pivotal year. He, alongside other experts, expects ETH to capitalize on the stablecoin spread, as most are on the Ethereum blockchain. Lee also foresees support for ETH from Wall Street and the White House.