Ethereum late 2017 ATH Scenario
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Shorten: Ethereum don't holded above U$1.100.
Atual Scenario (2021 ATH )
1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!!
2) Ethereum daily candle touched 4 times U$1.400!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 27 days after touch U$1.200 (today), the price is U$1.470.
5) 100 days daily RSI holding at 50+.
Shorten: Ethereum holded strong above U$1.100 + 50 RSI.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH .
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH .
It's just a matter of time to break ATH and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance);
2) Ethereum touched just one time U$1.400;
3) 4 days after touch U$1.200, dropped down to U$770;
4) 24 days after touch U$1.200, dropped down to U$550;
Shorten: Ethereum don't holded above U$1.100.
Atual Scenario (2021 ATH )
1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!!
2) Ethereum daily candle touched 4 times U$1.400!
3) 12 days after touch U$1.200, went up to U$1.400.
4) 27 days after touch U$1.200 (today), the price is U$1.470.
5) 100 days daily RSI holding at 50+.
Shorten: Ethereum holded strong above U$1.100 + 50 RSI.
Comparison of scenarios
It is very obvious that the current scenario is totally different from 2017 ATH .
The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH .
It's just a matter of time to break ATH and rush to 4~5k+ level.
PS: I believe it will happen this year, in the coming weeks / months.
PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
Comment:
ETH is touching the upward of parallel channel.
Break above U$1.700 will put ETH to moon.
Break above U$1.700 will put ETH to moon.
Comment:
ETH is touching again, the upward of parallel channel.
We are too close to break it.
Daily candle closing above it will skyrocket the price.
We are too close to break it.
Daily candle closing above it will skyrocket the price.
Comment:
ETH is fighting hard against the upward of parallel channel.
Daily candle closing above it will skyrocket the price.
Daily candle closing above it will skyrocket the price.
Cheers :)