It depends so much on what BTC does, but here are two possible paths forward for ETH. If the current bull market goes into full FOMO mode, we could see some serious gains on ETH. This would be in line with this blue nike swoosh pattern, and an extended 5th elliot wave.
Perhaps more realistic (but crypto isn't very rational is it), I could also see this current uptrend we're riding breaking down, hitting a higher low, and back up to re-test (maybe surpass?) the previous ATH.
The third option, not charted here, is a complete breakdown in ETH (and the market in general), making lower lows.
This is not trading advice, but my own thoughts and analysis. Leave your thoughts in the comments.
Perhaps more realistic (but crypto isn't very rational is it), I could also see this current uptrend we're riding breaking down, hitting a higher low, and back up to re-test (maybe surpass?) the previous ATH.
The third option, not charted here, is a complete breakdown in ETH (and the market in general), making lower lows.
This is not trading advice, but my own thoughts and analysis. Leave your thoughts in the comments.
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A zoomed in view of Daily
