Ethereum (ETHUSD) is on the 3rd straight week after the break-out from the Bear Cycle's Lower Highs trend-line. When that took place during the previous Cycle, the break-out rally reached the 0.5 Fibonacci retracement level. This time the 0.5 Fib is only $150 higher from the current price levels. This may be an indication that the rally that has just started may be of historic proportions.
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.