As we can see in this point of view , Ethereum is rising in a bullish mega-trend.
It forms two almost similar ascending and regulatory cycles. I can not predict the market so I have shown almost all possible scenarios based on the past or what I imagine in the chart right now .
It forms two almost similar ascending and regulatory cycles. I can not predict the market so I have shown almost all possible scenarios based on the past or what I imagine in the chart right now .
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-in the worst scenario it will repeat the same price action like what happened in the year of 2018 , for a short time it will rise to near of descending trend line it will continue its downtrend it will reach the bottom of channel again .
-And the next one is bullish and by breaking up the white descending trend line and have a growth to midline of channel around tp1 $6000 ,and then will decline
-but for the 3rd one . we will be witness of supper bullish rally by reaching the all tps and ceil of channel .
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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