Could a potential $7,000 price target be in our future? It remains to be seen, but if we take similar bar patterns as a prediction for the future the last time ETH had a similar drop we can reach it!
In Feb. 2021 ETH dropped 63%, but mustered a tremendous rally over the past few months before this weeks drop.
This lines us up well into August within most predictions of a continuing bull market into September.
The next week will be a telling week for ETH. We could see more sideways trading or even a potential dip into the $2100-2200 price point.
Let's see what comes of it. Leave comments and feedback and your price analysisETHUSD!
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