It's amazing how the charts for #Ethereum look so similar between 2017 and today.
I still believe that this last extended drop we are recovering from was the 'first big drop' in this cycle with much more upside to come.
I'm thinking that we will be forming a massive ascending triangle before more upside by testing the previous ATH at around 4-4.3k then another dip down to 2.3k-2.5k, forming a higher high on the ascending triangle.
If this same fractal continues to mirror 2017s, we could expect the ascending triangle to break up sometime in late November or early December with the bubble topping off sometime in December or January of 2022 (I'm leaning more towards January).
This is purely speculative without any analysis but my guess is we see Ethereum top off at 17k by then.
I still believe that this last extended drop we are recovering from was the 'first big drop' in this cycle with much more upside to come.
I'm thinking that we will be forming a massive ascending triangle before more upside by testing the previous ATH at around 4-4.3k then another dip down to 2.3k-2.5k, forming a higher high on the ascending triangle.
If this same fractal continues to mirror 2017s, we could expect the ascending triangle to break up sometime in late November or early December with the bubble topping off sometime in December or January of 2022 (I'm leaning more towards January).
This is purely speculative without any analysis but my guess is we see Ethereum top off at 17k by then.
Comment:
#Ethereum has tested 4k according to plan, next step is testing support at 2.3-2.6k before another ATH break attempt.