Gather 'round because we've got something to talk about. Picture this: a pattern that blending elements of a Double Bottom and an Adam and Eve formation. This kind of pattern often signals a big turnaround.
Now, let's dive into the nitty-gritty. The chart's telling us that Ethereum is probably not going to dip below $1500, and honestly, it's looking quite sturdy around this range. Of course, just to be safe, let’s consider a scenario where Ethereum sees a little dip, but hey, let's keep our fingers crossed that it doesn’t tumble below $800.
But here’s where it gets interesting: the sweet spot is right around $2000. If Ethereum manages to break through this level, we might just be on the road to reclaiming its all-time high of nearly $4840, a number that still echoes in our minds from the crazy days of 2021.
Now, here’s the exciting part: my optimistic side sees Ethereum soaring to a fantastic $14000, but remember, the crypto loves to surprise us. Prices could skyrocket beyond our dreams or settle around $8000.
The road ahead is full of twists and turns, but hey, that's what makes this journey so thrilling, right?
Note
So far so good!
Trade active
Trade active
Trade active
Trade active
New analysis that is supporting this idea as well. Look how good the channel work on the price today.
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.