Ethereum in clear uptrend(ℹ) Perhaps the best way to analyze the value of an asset is with Bitcoin, and not with a government-owned coin that only loses value over time...
The long uptrend we're in started in January/2020.
We can consider that we are in wave 4, and in this wave 4 we are in an ABC correction, where the drop was rejected, corroborating the beginning of wave 5.
By plotting the Fibonacci projection, we can reach the price of 0.10 BTC per Ether at the 61% target, and 0.14 BTC at the 100% target.
Pitchfork demonstrates rising bottoms and possible tops.
In the Center of Gravity Oscillator configured with a 21 week period, we can see a weakening in the falling movements.
Added to that, on the fundamentalist part we have the rapidly expanding DeFi ecosystem, and the crypto market as a whole that will sooner or later swallow up the traditional market, protecting us from corrupt politicians who throw money into the hands of a few bankers who pay bribe.
