✴️ Will Ethereum Develop A New Trend, An Uptrend?

8 Haz 2023

On the left side of this chart we have a bear market, on the right side we should witness the reverse.

The market moves in cycles and this is something that anybody can confirm looking at the history of any market.

The business cycles coincides with monetary expansion and contraction.

There are big and small cycles and cycles within cycles.

Looking at this chart, someone can argue that this consolidation phase will be followed by a major drop. Something like what happened after Feb.-April 2022, specially now that Ethereum is trading near the upper trend line of the consolidation range.

We can argue against.

Last year Ethereum was coming out of new All-Time High, lots of expansion and expansion is followed by contraction, that is what the market cycle does.

And thus we have contraction now so we can expect expansion next... We are not predicting the date, we predict that the bigger picture is up.

We have the inflation problem and the banking problem...
Cryptocurrency has already been established as a liquid market and alternative against bank failures... What do you think will happen when the next big bank blows up?

Forget the banks, we are talking about market cycles...

Up and down, up and down...
Down and now UP!

I say the next high comes within weeks and maximum within a month.

Namaste.