Ethereum: No Sellers, No Bears, No Pressure; Bullish ConfirmedEthereum / TetherUSBINANCE:ETHUSDTMasterAnandaTo put it simple, there is absolutely no selling pressure on ETHUSDT. And this is reasonable, Ethereum is now so cheap that not many people are looking to sell. Let's dive into this chart and see what we can find. Spoiler alert: I am no longer bearish on ETHUSDT. "The retrace" simply isn't a thing on this pair. There is no bearish action. Let's read the chart and see what it has to say. The low 7-April... Ok. 8-May ETHUSDT produced a very strong green candle to break above EMA55 and EMA89. Volume was also high on this date. These levels tend to work as strong resistance and the fact they broke decisively, means that the bullish bias is confirmed and Ethereum isn't likely to move back below again. Whenever there is a drop, these lines will work as support. The peak soon happened and Ethereum went sideways, it has been sideways in a small phase of consolidation. The lowest point came 18-May. There was a failed attempt by the bears to push prices lower but this ended as a big fail. Ethereum continues strong. Here we have again EMA55 and EMA89, magenta and blue lines on the chart. These levels remain untested as support which is a signal of strength. While some pairs went down 20%, 30%, 50%, Ethereum's maximum drop has been 14%, now, that's strength. As seen from the diagram on the chart, we are about to enter the third wave of a bullish impulse. There can be a correction after the third wave ends followed by additional growth. The break of EMA55/89 as resistance confirms that Ethereum is bullish mid- to long-term. This means 3-6 months of growth. Once MA200 is broken as resistance, we have at least six months of bullish growth confirmed, this will happen later this month. No bears means the bulls are in control. A very small retrace means buyers are strong. It all makes sense, who would be willing to sell their Ether when there is so much room left for prices to grow? No one, that is why prices remain strong. Adapt to market conditions fast and live. Some pairs are going down while others are going up. Some pairs are sideways; some are growing strong. This is the early stage of the 2025 bull-market, just wait and watch... Just watch! It will get wild faster than you think and it will become so wild that you won't be able to handle the market at all. Everything will become so good, so fast, that you will feel blessed for deciding to enter the Cryptocurrency market during April's low. It is still early though, remember, $7,000 is the minimum price for Ethereum in late 2025. $11,000 is also possible. Thanks a lot for your continued support. Namaste.