Is history repeating itself once again?
Can the crypto market give us price action similar to last cycle?
Bitcoin did something very interesting in 2022 where the first major peak, all time high, UST collapse, and the most recent breakout from lows were all separated by exactly 210 days.
Here on Ethereum , I theorize it could be doing roughly the same thing in it's own way. I don't find it unlikely that the price action plays out much differently because the covid crash was a unforeseen black swan event. Had that crash not happened, crypto may have otherwise broken and held above the 100 weekly MA. Without a black swan event, could Ethereum pull something like that off?
I'm not sure which outcome is most probable at this moment, the point is there could be a lot of volatility waiting at these future points in time marked on the chart.
What do you think?
Could Ethereum could break above $2k soon and test the 100 weekly MA?
Can the crypto market give us price action similar to last cycle?
Bitcoin did something very interesting in 2022 where the first major peak, all time high, UST collapse, and the most recent breakout from lows were all separated by exactly 210 days.
Here on Ethereum , I theorize it could be doing roughly the same thing in it's own way. I don't find it unlikely that the price action plays out much differently because the covid crash was a unforeseen black swan event. Had that crash not happened, crypto may have otherwise broken and held above the 100 weekly MA. Without a black swan event, could Ethereum pull something like that off?
I'm not sure which outcome is most probable at this moment, the point is there could be a lot of volatility waiting at these future points in time marked on the chart.
What do you think?
Could Ethereum could break above $2k soon and test the 100 weekly MA?
