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FieryTrading
Dec 27, 2023 3:51 PM

🔥 Ethereum's Next Bull-Market Top Prediction Long

Ethereum / U. S. DollarKraken

Description

In this analysis I'm going to make an educated guess at ETH's next bull-market top. I'm going to make the assumption that ETH will continue to trade within this rising wedge pattern. Naturally, this prediction will be invalidated once ETH deviates from this pattern.

First of all, the time at which ETH will presumably top will be around the same time that BTC will. Following my very popular BTC top forecast from a while ago, this will be somewhere in October of 2025.


Assuming that ETH will hit the top resistance around that time, a value around 16,000$ is to be expected at that point in time.

Seeing that Q4 of 2025 coincides perfectly with the later stages of the rising wedge, a bearish break out through the wedge's support is to be expected soon after, which will likely kick-off a new bear market.

What's your top prediction? Share your thoughts in the comments 🙏
Comments
alberto1965
I did an analysis very similar to yours, only the target was smaller than yours but TIME is always the master of trading. Very well analysis
FieryTrading
Sporia
First time I have ever seen someone saying long in a massive rising wedge wtf lol
FieryTrading
@Sporia, We bounced from support. Would you short here, or rather at the top resistance?
MyCryptoParadise_Nathan
I'm curious about how ETH's transition to proof-of-stake might play into this prediction.
sir_Lamot
Set an alert
MANOLIS
Hey Man, in what year 2025? or 2026?
sir_Lamot
xironrules
Great post, eth is the future! 16k would be sexy
FieryTrading
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