SniperTrader940
@t_SniperTrader940
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SniperTrader940
In this analysis, we delve into Ethereum's price action and the potential for a significant rally in the upcoming market cycle. By leveraging Fibonacci extensions and multi-year technical patterns, we can gain valuable insights into where the next major resistance levels may form.Looking back at the 2021 bull cycle, Ethereum reached its peak around $4,800, perfectly aligning with the Fibonacci 3.618 extension level. Fast forward to the present, and we are again seeing an ascending triangle pattern emerging—this time spanning several years, dating back to 2021. By applying the same 3.618 Fibonacci extension, we can project a potential top for the next cycle around the $15,700 level. Not only does this align with the technical structure, but it also supports the case for a prolonged bull market—possibly a supercycle. Historically, altcoins have shown strong performance following Federal Reserve pivots, often running for an extended 20-month period. If Ethereum were to reach this projected 15.7k level, it could act as a catalyst for an extended altcoin rally, ushering in a longer-lasting and more robust bull market cycle.This confluence of technical patterns and macroeconomic factors suggests that Ethereum may not only continue its upward trajectory but also lead the charge in a broader market rally. Should this scenario play out, investors could witness one of the most significant bull cycles in cryptocurrency history.Let me know your thoughts in teh comments.
SniperTrader940
BTC is ready for its 2 monthly stochastic rsi Cross and ETH is too! Get ready for massive drop in Cryptos. CPI data ready to be priced in. Don't sit on this one. Major Bull Trap imminent!
SniperTrader940
Hidden bearish dev on the higher time frames. One to DCA short down to around 3.50ish
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