Technical analysis by MISANTHROPE3 about Symbol ETH on 1/22/2025

Ethereum is not going anywhere until the price touches $2.8K. It's a simple W pattern, and I'm talking from experience. After $2800, $5000 can be reached, but what happens then is important. Ethereum will either break $5000, and we see new highs, or we wait for $1700 after that, which is what I expect. It will complete the bigger W pattern and the shoulder. Then Ethereum can finally have a long-term bullish cycle to prices like $10K? Who knows.