Technical analysis by fugasok about Symbol ETH: Buy recommendation (12/24/2025)
fugasok
ETH is not done yet. 2020 cycle flashbacks. Target 6k+

Looking at the ETH chart, I remembered that at the beginning of the year I repeatedly wrote about the similarity of the altcoin cycle to BTC's in 2019-2020. I also remembered that from January to April 2025, the market was working through the 4-5 movement in the screenshot. One of the posts showing the structure's movements And then I realized what to look for. Ether has long since recovered from the collapse of the 4-5 movement. It is now consolidating on an already formed structure. In 2020, at #7, the price found support at peaks 2 and 4. In 2025, at #7, the price also found support at the red line, only slightly lower. The StochRSI also moved higher, finding support below 80. The RSI slowly reversed, gaining strength. In 2020 (#5-7), just like now, there was extremely bearish sentiment, just like now. I think the long consolidation is already coming to an end. Liquidity is about to enter the market. The Fed's four-year pressure has ended. However, don't think we have another 200 days of growth ahead of us, like we did then. It's possible it will all happen in just 100 days.Earlier this year i posted some idea that played out perfectly. 2019-2020 similarities continues right now.