Ethereum / ETHUSD is consolidating under the 1day MA200 (resistance) and over the 1day MA50 (support).
The 2025 correction has been quite similar so far to 2016, both bearish Channels bottoming on a Triangle pattern and then rebounding.
In 2017 that rebound resulted in an insane rally above the 3.0 Fibonacci extension.
Even if the market doesn't rise this time this aggressively and that quickly, it can still approach the 3.0 Fib at 10000 and form the top for this Cycle.
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The 2025 correction has been quite similar so far to 2016, both bearish Channels bottoming on a Triangle pattern and then rebounding.
In 2017 that rebound resulted in an insane rally above the 3.0 Fibonacci extension.
Even if the market doesn't rise this time this aggressively and that quickly, it can still approach the 3.0 Fib at 10000 and form the top for this Cycle.
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.