With leading analysts now makes a rather unconventional but visually impressive comparison The fact that the recent structure of Ethereum is similar to the 1989-1990 SPX Fractal may be determined by the asset to expand the mass price. In this over -cover, ETH seems to rising the same staircase that caused the S&P 500 bulls; But this time, the top of the stairs can be shown for $ 5,650 per ETH.
Ethereum currently has a lot of momentum that deserves attention, even if the fantasy aspect is obvious; This is a bold prediction. In one vertical increase, ETH has broken through several levels of resistance and exploded daily over $ 2300. Above all, ETH has broken through 100 mothers and reaches 200 mothers close to about $ 2,500, which is a long-term reversal line of trends.
50 and 100 mothers, supporting about $ 2,100 and $ 2,300 respectively, are much lower than the current price. The volume validates the breakthrough. The recent rise in trading activities shows that this step is supported by belief rather than just a speculative pump or a short squeezing. RSI is approaching the over -purchased territory, which is normal during trend -changing impulse waves.
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Ethereum must exceed the psychological endurance from $ 3,000, the highest $ 3,600 and agree to agree with the higher range of $ 4,800 ever to reach the expected $ 5,650. The macro context changes, but these zones do not give it easy. If Ethereum continues to lead the Altcoin Revolution and the ETH/BTC ratio improves (as SPX Fractal recommends), fantasy may come closer to reality.
But it's not given. If ETH is rejected in or near 200 mothers, it can return to a $ 2000-2100 support area. However, as of now, the real and multi -month decline in the Ethereum's breakthrough seems to end. Although the $ 5,650 dream has not yet been realized, the organization of dealing with them is undoubtedly possible.
