Ethereum is repeating the same price action it did in 2021, but fast with 1 month.
It will go to the middle between Fibonacci 1 and 1.618 (~$6000), correct to Fibonacci 1 (~$4900) in the end of January or beginning of February.
After this, it will go to, approximatively, the middle between 1.618 and 2.618 Fibonacci, which is $10.000, a big psychological level. This will happen in April.
After this it will correct to the 1.618 Fibonacci level during summer and go to the final cycle high in October at 2.618 Fibonacci level (~$11.000-$12.000).
The only difference is the previous cycle high was 3.618 and now it is at 2.618. This is because of the law of diminishing returns.
It will go to the middle between Fibonacci 1 and 1.618 (~$6000), correct to Fibonacci 1 (~$4900) in the end of January or beginning of February.
After this, it will go to, approximatively, the middle between 1.618 and 2.618 Fibonacci, which is $10.000, a big psychological level. This will happen in April.
After this it will correct to the 1.618 Fibonacci level during summer and go to the final cycle high in October at 2.618 Fibonacci level (~$11.000-$12.000).
The only difference is the previous cycle high was 3.618 and now it is at 2.618. This is because of the law of diminishing returns.
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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.
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.