Summary Bitcoin's bullish trend is set to continue, with potential targets of $185k and $300k, validated by market action and trend channels. Ethereum is poised for a major rally, with historical patterns and RSI levels indicating a potential explosive 3rd wave of the Major 5th bull impulse move. Ethereum's role as the backbone of Web3, with smart contracts and ERC-20 tokens, positions it as a foundational infrastructure for decentralized applications and economies. Supportive U.S. policies and strategic reserves, including Ethereum, create a favorable macro environment for Web3 expansion, benefiting platforms like Intellipedia. I've been bullish on Bitcoin , and that's been validated by market action. After hitting a new all-time high around USD 108k, BTC-USD has consolidated in a wide ranging sideways pattern for about 6 months, since mid-December. TheBullBear.com, TradingView The existing trend channel has held well, and the pattern remains bullish. There's an argument for a continuation of the sideways action for some time, but there's probably a better argument for a renewed breakout and a continuation of the bull trend towards an initial target of 185k, and then on to 300k. Opportunity Knocks I've largely ignored the "crypto" craze and focused on Bitcoin as a new store of value and medium of exchange for the the emergent Intelligence Economy . But about a month ago, after reviewing the charts of the larger cryptocurrencies, I sent a note to subscribers of the BullBear Market Report about Ethereum ( ETH-USD ). I noticed some things on the charts that looked a lot like opportunity, and I was personally, at that moment, diving into the creation of a token for a new application that I'm building, Intellipedia.AI. I told my subscribers that it would be worthwhile to rotate out of some portion of Bitcoin holdings into Ethereum. That analysis has also been validated by market action. The first thing I noticed was that the relative performance chart of Ethereum/Bitcoin close to its lowest point ever. And at the same time I saw that the last time it was in this zone, it was a tremendous relative performance play. TheBullBear.com, TradingView So I had a look at the ETH chart: TheBullBear.com, TradingView ...and I noticed that whenever weekly RSI was down at these level, huge rallies have always followed. The rally from the 2020 low was 3,300%. We can also see that since 2021, after that huge rally, ETH has essentially moved sideways in a wide-ranging correction. Four years of consolidative correction is a long time. Generally, the longer the correction, the more explosive and protracted the rally that follows. This looks to be a setup for the 3rd wave of the Major 5th bull impulse move for Ethereum. That's a powerful wave position, and in the cryptocurrency world, 5th waves are usually runaway bull rampages. Here's a composite chart of the top 10 altcoins (excluding Bitcoin): TheBullBear.com, TradingView In many ways, this group is positioned like the techs were in the wake of the 2000-2003 dotcom crash. There was inflated hype, wild speculation, a crash and then out of the ashes, the real players emerged. My take is that Bitcoin and Ethereum are among the real players that will separate from the ashes and go on to be the crypto equivalents of AAPL and GOOG. Since drafting this article, ETH-USD has continued its rally, now about 100% off it's low: TheBullBear.com , TradingView My projection for this rally is to about USD $10,000. TheBullBear.com, TradingView Once the resistance at 4K is taken out, we shouldn't see much of a correction until weekly RSI gets into its resistance zone, at which point we should look for a bear divergence in between price and the indicator, and consider banking some profit, or hedging for a substantive pullback. Risks to this analysis include: changes in macro policy Fed tightening of monetary policy BTC price drop below 89-95k support ETH price drop below USD 2000 In my opinion, it's not too late to take a position. If you already have some BTC or other cryptocurrency, swapping some of it for ETH is a great play right now.
