similarities between circled areas (fractal is of the first circled area)
recall that eth eip-1559 announcement was NOT a 'buy the rumor, sell the news' trade, and this may not be, either.
Price moved up in the wake of that announcement, expecting the same to occur here, faking many out. The 1.618 fib is around $4.20, that is a rational price target if/when Eth goes to 5-6k.
recall that eth eip-1559 announcement was NOT a 'buy the rumor, sell the news' trade, and this may not be, either.
Price moved up in the wake of that announcement, expecting the same to occur here, faking many out. The 1.618 fib is around $4.20, that is a rational price target if/when Eth goes to 5-6k.