ETH/USD: Can Ethereum Do What Bitcoin Did in the Past?

In this analysis, I'll be taking a purely speculative approach by comparing Ethereum's current weekly chart to that of Bitcoin during 2013-2017.
I will be comparing the price action's fractals, and explore the similarities in what the indicators tell us as well.

Analysis
- To begin with, we can see that the overall structure looks very similar
- A rejection to break through all time high levels, and a long phase of accumulation below it
- The Ichimoku cloud also substantiates the similarities of these two fractals
- We can see that it took 245 days for Bitcoin to break the previous all time high after a golden cross formation
- The 60 Simple Moving Average (SMA), and 100 SMA have served as a confirming sign of reversal
- Ethereum is yet to break its all time high levels, but a break through the next big resistance within a similar time period is also highly likely

Conclusion
Based on the fractals demonstrated above, it could be argued that we could see a parabolic movement for Ethereum, given that it breaks all time high levels with strong momentum.

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