Ethereum (ETH) has historically followed a strong cyclical pattern, marked by key breakout points and corrections. This chart suggests that ETH is currently consolidating and could be preparing for its next major move. Based on Fibonacci extensions and historical price action, Next targets (TP1: ~$7,245 and TP2: ~$17,884) indicate a potential parabolic rally in the coming year.
Could we see a repeat of the 2021 bull run? Let's see.
Could we see a repeat of the 2021 bull run? Let's see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.