Technical analysis by fugasok about Symbol ETH: Buy recommendation (3/2/2025)

ETH cycle is similar to 2018-2021There were 4 movements around Gaussian Channel.At the movement №4 price dropped back under the Channel.Since November 2024 after Tripple top formed on ETH it was clear to me that ETH is going to visit 1500$ region.However don't think that when movement number 4 is complete then we will have another year of bullishness.Since 2018 bottom to nov. 2021 passed 1064 days. In current cycle since summer 2022 until today already passed 980 days. This cycle clearly is much weaker. We don't have much time left for Ethereum growth.As soon as movement №4 is complete (around march-april) we see strong and fast growth approx. until summer. This move can bring ETH price to 6k or even higher.Still active. ETH is finishing point number 4.Also consider that 1st wave in current cycle was longer than in 2019. So we have only ~4-5 months for last phase.Cycle will end probably in summer.