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TL;DR Ethereum (ETH) has witnessed evident progress in the past week, with its price rising by roughly 10%. It briefly surpassed $1,800 on April 23 before retracing to the current $1,750. Some market observers think the asset has yet to unleash its full potential, envisioning high targets for the near future. The X user Ted noted Ethereum’s active addresses have increased by 10% in the span of 48 hours. Having that said, he assumed that ETH could be gearing up for an “epic revenge rally.” The crypto trader, using the X moniker Christiaan, also weighed in. He explored the recent price fluctuations of the asset to suggest that the price may soon soar beyond $2,000. Gert van Lagen is among the biggest optimists. The technical analyst claimed that “a huge 4-year inverse head and should” is in play, meaning that the next move could be a gigantic surge to a new peak of approximately $20,000. “Loads of retail have been shaken out the Right Shoulder,” he added. Contrary to the bullish predictions mentioned above, certain metrics signal that the second-largest cryptocurrency might be poised for a pullback. ETH’s exchange netflow, for instance, has been positive in the past month. This reflects a shift toward centralized trading platforms, which can result in increased selling activity in the short term. We’re moving on to the recent net inflows into spot ETH ETFs. Data compiled by SoSoValue shows that the figure has rarely been above zero in the last couple of weeks. A substantial green candle was observed on April 22, but on many other occasions, the inflows were negative. In simpler words, this means more money was withdrawn from the ETFs than added, signaling uncertainty among institutional investors. Lastly, let’s examine ETH’s Relative Strength Index (RSI). The metric measures the speed and magnitude of the latest price changes and helps traders assess point reversals. A ratio above 70 is considered bearish, suggesting ETH has entered overbought territory and could be headed for a correction. Earlier today (April 24), the RSI was hovering above that zone, currently set at around 65.

Trade A8 - $XRP Long Reason - H4/M15 play. The unicorn (FVG overlapping with breaker) on H4 was swept, its sitting within the H12 bullish breaker (H12 bearish OB on the chart - forgot to flip it), the H12 FVG and the H12 bullish OB - shit tons of stacked bullish POIs were swept - HTF trigger. On M15 we had a bullish MSB and the M15 bearish OB flipped in M15 bullish breaker. Pros: Shit tons of bullish POIs swept, unicorn on H4 and H12. Cons: Internal liquidity.

Why did Bitcoin surge to $94,000? 👇🏻 Increased institutional inflows. Easing of US-China trade tensions. Any other factors at play?

$BTC inverse head and shoulder pattern. I think here's how it can play out 👇 ▫️ Pump towards $102K-$106K by June ▫️ Correction to $94K-$96K in Q3 ▫️ Reversal and breakout leading into Q4 which will also be most likely the blow-off top.

When Bitcoin stops moving with stocks, the market remembers: It’s not just another tech play. It’s sound money, moving on a global liquidity cycle. And that’s when the real fireworks begin.