Ethereum Price Is Running The Same Playbook That Led To 10,000% And 4,000% Surges In The Past
Ethereum price is holding above $2,000, showing resilience in bearish conditions. Analyst Merlijn The Trader identifies a recurring historical pattern in ETH's price chart that previously led to massive surges of 10,000% (2016-2018) and 4,000% (2018-2021). The pattern consists of three phases: consolidation, trendline retest, and parabolic rally. In the current cycle, ETH is consolidating in a $3,000-$4,000 range with a similar ascending trendline. The analyst suggests the cycle may be poised for another major breakout. If ETH holds above $2,000, a parabolic surge could follow; if not, a brief decline may occur before the anticipated rally.
bitcoinist03/27 18:32