If something happen in last bull cycle it doesn't have to happen in this cycle too, but we can play with these charts and make some predictions base on history data we got.
The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH.
Back in 2017, for most of BTC maximalist which prevailed in the crypto world, ETH was just another altcoin with good whitepaper and smart contract which propel ICO bubble.
I don't expect last bull market price action to repeat but I like this outcome and price target for end of this cycle (if we are not already reach ATH for this cycle ;) )
The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH.
Back in 2017, for most of BTC maximalist which prevailed in the crypto world, ETH was just another altcoin with good whitepaper and smart contract which propel ICO bubble.
I don't expect last bull market price action to repeat but I like this outcome and price target for end of this cycle (if we are not already reach ATH for this cycle ;) )