It is very much possible to see a 50k ETH by November 2028 if this channel stays intact; the path is clear.
I believe ETH is right now on the verge of bottoming on the ETH/BTC chart. We have been in a massive symmetrical triangle since 2017 and have now fallen to a very important level where ETH tends to bounce more often than not. Out of the seven different times ETH has come near this level, only twice did we have red candles (2W chart).
We also just printed a Heikin Ashi reversal candle on the monthly chart, looking very promising.
The ETH projections are calculated based on the Bitcoin cyclical cycles:
- Blue Line: Bull Market starts - Red Line: Cycle Top - Green Line: Cycle Bottom
My reversal indicator has confirmed a weekly reversal based on the last weekly candle close. This signal has fired off just four times within the entire ETH history; it's not a lagging indicator—it works in real-time.
If history repeats, ETH hits 16k this cycle sometime in May 2025.
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ETH closing couple of 4 hour candles above the 1/1 Gann Fan , this is early days but its looking very good .