This is not financial advise its just my thought about ETH Price,
I think GPU have key roll in Proof Of Work system, i known 2 well know company in this industry Advanced Micro Devices (AMD) and NVIDIA corp which manufacture GPUs chips.
when i compare both company shares prices with ETH price i found that :
ETH price went upward when NVIDIA and AMD shares price went to saturation for better investigation you can check 2 below pictures :
ETH vs NVIDIA
ETH vs AMD
I think NVDIA and AMD price need some correction that means ETH is ready for next rally
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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.