ETHBTC gigabull fractal - test pump to ATH, followed by...

The Q1 test pump in ETH's 2017 bull cycle created a new ATH, surpassing the previous one by 55%. The subsequent run increased this new ATH by a further 170%. If we transpose these percentages onto the current ATH we get a test pump top of ~0.24BTC, followed by a quite insane run to 0.65BTC. This would be almost 20X from here, not so crazy when you consider previous crypto bull gains.

I had hoped that overlaying the 2016 consolidation fractal would match these percentage values nicely; I couldn't get it to line up with 0.24/0.65 but what it did match a bit too well, is support / resistance zones of the previous pumps.

Commentaire:

Just realised I put 2020 instead of 2021, oh well