ETH to $5k by 12/20
- Bounce from retracement in month 1 of the new year
- Double top in late January following expectations with Bitcoin
Valentine's Day "gift" will be retracement:
- Optimal 30% retrace = mid-channel support $3.3k to $3.6k
- Likely 60% retrace = bottom of the channel w/ support at $1.7k to $2k
Assumptions:
- Ceteris paribus
- ETH to Proof of Stake (v2) timeline can change this
NOTE:
- ETH v2 = MASSIVE UNLOCKING = Profit Taking = 85% retracement at some point in the future
- Bounce from retracement in month 1 of the new year
- Double top in late January following expectations with Bitcoin
Valentine's Day "gift" will be retracement:
- Optimal 30% retrace = mid-channel support $3.3k to $3.6k
- Likely 60% retrace = bottom of the channel w/ support at $1.7k to $2k
Assumptions:
- Ceteris paribus
- ETH to Proof of Stake (v2) timeline can change this
NOTE:
- ETH v2 = MASSIVE UNLOCKING = Profit Taking = 85% retracement at some point in the future