Bitcoin has now surpassed its all-time high from 2021 and is closing in on the crucial psychological level of $90,000. We anticipated this move and provided our readers and clients with multiple opportunities to invest in Bitcoin and other cryptocurrencies at lower prices.

But we understand that not everyone could take advantage of those moments, so we're here to present another opportunity for you to grow your investment capital.

Weekly time frame analysis

ETHUSD - 1 Week Time Frame

Last week, Ethereum broke through a key resistance level that had constrained its price since early September, confirming a bullish signal for buying. Given the tendency for major cryptocurrencies to move in tandem, Ethereum could see a similar upward trend, mirroring Bitcoin’s recent rally.

The internal market structure supports this potential setup, as it remains firmly bullish, further reinforcing the case for entering buying positions.

Ethereum price target

Entering the market is only one aspect of a successful strategy—proper money management is crucial for long-term success.

Here's our approach: If Ethereum’s price closes below the lower boundary of the previous resistance zone, which has now turned into a support zone, on the weekly timeframe, it may be wise to partially sell your position to mitigate risk.

The remaining portion can be held with a Stop Loss set below the internal higher low, as marked on the attached chart.

For profit-taking, we recommend gradually securing gains at two major Buy-Side Liquidity levels and one key psychological level above the previous high of $5,500. This structured plan allows you to maximize returns while effectively managing risk, setting you up for a successful trade.