An optimistic prediction for ETH
Earlier in the week we saw ETH broke through the bottom of the long term regression channel that goes back to December 2020. I believe this to be a bullish sign, with selling pressure finally alleviated. I've drawn a very short term regression channel just to visualize the 5 days of bullish price action that followed. We see that RSI is turning up, as well as the Trend Flex Oscillator. My hypothesis assumes that ETH will find its way back to $4500 by mid February, and another ATH is on the radar for April. Of course this is all predicated on the bulls taking back the market for the next three months.
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