The weekly timeframe shows MACD histogram turning negative while CMF dips below zero for the first time during this rally phase, indicating higher timeframe participants are fading the move. A rejection at 305 could trigger rapid unwinding back toward 285 support, while a clean break above 310 with volume confirmation might extend toward 320. Current conditions favor defensive positioning with tight stops rather than aggressive long entries.
Zooming out, the weekly chart offers a beacon of hope for long-term holders, as its macro-bullish structure remains intact. This suggests the current market turmoil is a corrective phase within a larger, healthy uptrend. The ultimate question now is whether this is the moment the macro trend reasserts its dominance, or if the market requires one final capitulation before a durable bottom is finally forged and the next major leg up can begin.
ETH outlook: Can reach $2950 -$3000 by May 24th
Is SOL on the up for good or is just a play the fundamentals.
What I see on ETH / USDT 12 05 2025
