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Ethereum is finally showing signs of life — playing a bit of catch-up with Bitcoin as it climbs toward critical resistance levels. As of Monday evening, Ethereum was up over 9% the past week, outperforming Bitcoin’s 2.6% gain over the same period. It’s a clear signal that Ethereum might be working its way toward a breakout, but the key question is: Can it sustain this momentum? Let’s look at the technical picture. Ethereum is around $3,400 and if it can break out of its current range, it has the potential to finally pop to $5,400, and there’s potential to push even higher toward the $6,000 to $7,000 range. That’s if — and it’s a big if — we can get above current levels. Breaking above the current zone would open the door to much loftier targets, but it won’t be easy. Resistance is resistance for a reason… Zooming out, Ethereum’s recent move mirrors the broader cryptocurrency market’s dynamics. Bitcoin’s recent surge — teasing all-time highs but struggling to break through — highlights a familiar cycle. When Bitcoin dominates, altcoins like Ethereum often follow with a lag. But the danger is in the pace of these moves. As I mentioned last week, if these runs go up too quickly, they’ll likely be over just as fast. A slower, more sustainable climb would be much healthier for Ethereum and the broader crypto market. For those watching Ethereum Trust (ETHT), it’s a similar story. It’s grinding higher but still hasn’t shown clear bullish price action. Like Ethereum itself, it’s stuck in a wait-and-see mode — a breakout would be great, but the chart needs to prove it first. So, where does this leave Ethereum? In the short term, all eyes are on the current zone, then at the next major resistance area — $5,400 to $5,500 first Then the big numbers above $6,000. A break above these levels could signal the start of a more significant move, but failure to clear resistance could lead to a pullback, just as we’ve seen with Bitcoin’s struggle near its all-time highs. Be careful out there. Crypto moves fast, and while Ethereum’s catch-up game is exciting, nothing is guaranteed until we see a breakout confirmed. Jeffry Turnmire Jeffry Turnmire Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+6TdDE7-F6GlhMmJh *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk. LIVE AT 2:30 PM ET! My Plan for Today’s Bitcoin Profit Window! I hope you're excited about what’s happening today! In case you don't know, the Bitcoin profit window opens today… But more importantly, I'll be LIVE at 2:30 p.m. ET today, Nov. 25, to show you my entire game plan for targeting a 100% move or more in just eight short days! And you don’t need to own a single crypto asset… While we cannot promise future returns or against losses… If you’d like to join me in the LIVE room when it’s time… Today’s Daily Chart Setup: New York Times Co. (NYT) This idea came directly from my Daily Chart Setup that automatically signals potential plays.
This is for informational and educational purposes only. Trade at your own risk. Always remember that past performance is not indicative of future results. How the Daily Chart Setup Works Here’s a more detailed description of how the pattern triggers: 1. The price breaks upward through the orange Market Roadmap Line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3… 1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.” 2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!
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