Unless the entire market crashes here, Ethereum should repeat old behavior. Last time it broke its all-time high, it re-tested that area immediately after and then exploded into new territory.
Also back in 2017-18 bull market, ethereum was the last to reach its all-time high before bitcoin finally fell, and similarly litecoin was one of the first major alts to rise. In my opinion, this is happening yet again.
As the upper chart shows, at this moment it is doing the exact same thing yet again. To support this idea, take a look at the ETH/BTC pairing in the 2nd chart below, it has been held down all this time, despite the DeFi boom the preceded the Bitcoin market boom. Ethereum has yet to capitalize on this vs. BTC, and I believe its because people are accumulating in preparation for an incredible move. A conservative target is double where we are now.
See related ethereum ideas supporting this one in the related ideas linked below.
Also back in 2017-18 bull market, ethereum was the last to reach its all-time high before bitcoin finally fell, and similarly litecoin was one of the first major alts to rise. In my opinion, this is happening yet again.
As the upper chart shows, at this moment it is doing the exact same thing yet again. To support this idea, take a look at the ETH/BTC pairing in the 2nd chart below, it has been held down all this time, despite the DeFi boom the preceded the Bitcoin market boom. Ethereum has yet to capitalize on this vs. BTC, and I believe its because people are accumulating in preparation for an incredible move. A conservative target is double where we are now.
See related ethereum ideas supporting this one in the related ideas linked below.
