ETH Macro Cycle - A very interesting chart I made in 2020 last year., so far it's held up well. I personally believe this diagonal trend line is fairly important for the ETH market. I also believe we're in the 5th wave of this macro move that has been in the making since 2015. If you look really closely, you'll see that the diagonal line has served as major support or resistance since ETH's inception, very similar to Bitcoin. If we close above in the next few weeks/months, we could see explosive movement. I still believe the 5th wave we're on now, could go to $5K - $10k o a low end, and as high as $20K on a high end. Long story short, that line is potentially very important 😅
As always, stay unbiased, level-headed, and don't forget to look at the macro picture.
As always, stay unbiased, level-headed, and don't forget to look at the macro picture.
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Added a target box between $10K - $20K
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Weekly and 2-Week chart updates below.