KRAKEN:ALGOUSD The high and low pivots for ALGO have followed an interesting pattern of retracement over the past few years. Wild idea, but suppose the price revisits the 0.618 or 0.786 level over the next week or so, then pumps back to the next 3.0 line. We'd be at $5.00 before the summer.
Dumb idea, do your own research, whatever.
The charts since before the May 2021 moon-then-nosedive has shown ETH stalling around $2900. Given the strength of the current bull trend (yellow lines), there may be cause to anticipate that the ~$2900 zone could actually become supportive .