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![CryptoBullet1 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1134052146800922625.png) CryptoBullet [@CryptoBullet1](/creator/twitter/CryptoBullet1) on x 170.7K followers
Created: 2025-07-21 12:03:24 UTC

$ETH Monthly chart | Macro Perspective UPDATE

So, we've got a good mid-term bounce exactly as I expected 👌 

and looks like we’ve invalidated the bearish scenario (Wave Y to $700) by breaking above the red Rejection Zone 📈

We can’t ignore this strength. This doesn’t look like a Dead Cat Bounce 

Now we have to wait for the monthly close to confirm the bullish bias for the rest of the year 🐂

![](https://pbs.twimg.com/media/GwYTzJ2WgAE4FST.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947266155732681008/c:line.svg)

**Related Topics**
[bearish](/topic/bearish)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/CryptoBullet1/status/1947266155732681008)