As seen on the chart, ETH has found support on the bottom trend line of the rising wedge pattern. After another reversal from said support line 2-3 weeks ago, we can safely assume that the market is at the very least looking at this pattern as well.
Over the next two years, my assumption is that ETH will remain inside this rising wedge. Consequently, that would also mean that the bottom is in. Whether this is the case, remains to be seen over the next months, but chances are in the bulls' favor.
In my eyes, the top resistance of the rising wedge pattern would be a great area for a 2025 top. The exact top remains to be seen, but I'd wager that it will be somewhere between $13k - $15k.
As usual with rising wedges, a bearish break out is to be expected somewhere in 2025-2016, but that's for another time.
Do you think ETH will follow this pattern? What's your target for the next bull-market? Share your thoughts 🙏
Over the next two years, my assumption is that ETH will remain inside this rising wedge. Consequently, that would also mean that the bottom is in. Whether this is the case, remains to be seen over the next months, but chances are in the bulls' favor.
In my eyes, the top resistance of the rising wedge pattern would be a great area for a 2025 top. The exact top remains to be seen, but I'd wager that it will be somewhere between $13k - $15k.
As usual with rising wedges, a bearish break out is to be expected somewhere in 2025-2016, but that's for another time.
Do you think ETH will follow this pattern? What's your target for the next bull-market? Share your thoughts 🙏
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