Eth has not reached out to its full 4.236 extension that lies in 5700 region
Eth is seeing a very similar pullback from june of 2017 before its last leg in the market cycle .We're seeing very similar things playing out !!! i.e 68% pullback in 2017 and 62% pullback in 2021.
Next Move in Eth could take it to atleast 5700usd and may extended to 13k (using the fib from the top and bottom of this move similar to 2017) which I think is not realistic but this is crypto !!!
5.7k to 6k ETH is what I m looking for in this bull run.
ETH is also retesting the high set above previous ATH .This pattern is very common you can also see this pattern in ETH in 2017 bull run , DOW jones in c-19 crash,etc.
Also from a wave count ,ETH looks like it's in 4th wave meaning 5th impulsive wave is still left.
This all points that the ETH is yet to make its final leg up in this bull run.
BTC is also showing signs that it has not peaked yet !!! That idea is linked below .
DYOR ! NFA !
Eth is seeing a very similar pullback from june of 2017 before its last leg in the market cycle .We're seeing very similar things playing out !!! i.e 68% pullback in 2017 and 62% pullback in 2021.
Next Move in Eth could take it to atleast 5700usd and may extended to 13k (using the fib from the top and bottom of this move similar to 2017) which I think is not realistic but this is crypto !!!
5.7k to 6k ETH is what I m looking for in this bull run.
ETH is also retesting the high set above previous ATH .This pattern is very common you can also see this pattern in ETH in 2017 bull run , DOW jones in c-19 crash,etc.
Also from a wave count ,ETH looks like it's in 4th wave meaning 5th impulsive wave is still left.
This all points that the ETH is yet to make its final leg up in this bull run.
BTC is also showing signs that it has not peaked yet !!! That idea is linked below .
DYOR ! NFA !
