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MKR / TetherUS
Long
Updated

July 2025 - Marker DAO (MKR) to $10k before Ethereum

189
The above forecast is predicted to strike before October 2025. Ethereum will never reach $10k in its lifetime, which a study for another post.

A 75% correction is shown on the above 6 day chart that began in March 2024. A number of compelling reasons now exist for a strong upward move.

Support and resistance
Look left, price action confirms support on past resistance, which follows a strong positive divergence. The resistance has held since May 2022. Incidentally on the topic of divergences, on the same time frame with the same settings, Ethereum prints a double negative divergence over the same period. (see below).


The trend
Both Price action and RSI resistances have broken out. RSI confirms a trend reversal on past resistance.



A Cup and Handle pattern confirmation
The forecast is derived from the Cup and Handle pattern topping out at around $10.5k, however it is not suggested to wait until this area before profits are taken.


Is it possible price action continues to print lower lows? Sure.
Is it probable? No.

Ww


Ethereum 6 day double negative divergencies
snapshot
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