"Ethereum Price Analysis: Breakout, Daily Trends, and Historica

In the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated.

In the daily time frame:

- Ethereum faced rejection at the $2400 level.
- The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement.
- In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range.

Regarding Ethereum's historical data:

- In the first cycle, after the all-time low (ATL), ETH took 777 days to surpass its previous all-time high (ATH).
- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.
- The last bull run lasted around 1071 days.
- This time, it is expected to last between 1071 to 1064 days of a bull market.

Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.

تعليق:

📈Regarding Ethereum's historical data: -

In the first cycle, after the all-time low (ATL), ETH took 777 days to surpass its previous all-time high (ATH).

- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.

- The last bull run lasted around 1071 days. - This time, it is expected to last between 1071 to 1064 days of a bull market.

First cycle: 777 days from ATL to surpass previous ATH.

- If history repeats, new ATH around July 2024 (700 days from now).

Last bull run: 1071 days long.
Expected current bull run: 1064–1071 days.

Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
#Crypto

تعليق:

#Ethereum is currently forming a symmetrical triangle.
But to confirm the next move, we need a breakout or breakdown of this pattern.

Based on technical analysis of the pattern, we can expect a potential 20% movement in either direction.

I will keep you updated if necessary, so stay tuned.
#Crypto