Chart on the left is ETHBTC zoomed in to the first 2 to 3 years after inception.
Chart on the right is ETHBTC fully zoomed out, from inception to now, about 8 years.
There are remarkable similarities in both time frames of the same chart, as noted below:
1. A sharp decline, followed by an immediate price pump.
2. The rotated rectangle shows a drop in price.
3. Straight up, with a slight correction on the way.
4. This phase is hard to believe it is a different time frame, as the price levels are an exact mimicry of each other. There are 3 lower highs after both cycle tops. The bottom pattern formation is also the same in both charts.
5. A slow & steady rise with the price action in both time frames showing notable similarities.
If the ETHBTC chart on the right were to follow a similar route of ETHBTC on the left, then it is possible that ETHBTC will go lower for the next 6 to 12 months. It is important to remember that this will likely be because Bitcoin will be steadily going higher towards the last ATH, hence ETHUSD will be mostly sideways.
Once BTCUSD breaks $66K, around then ETHBTC will start its rally, which looks like has a final target of 0.3.
The blue and green faded projections at the end outline possible pathways for ETHBTC, depending on how slow/how fast the cycle plays out.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
Chart on the right is ETHBTC fully zoomed out, from inception to now, about 8 years.
There are remarkable similarities in both time frames of the same chart, as noted below:
1. A sharp decline, followed by an immediate price pump.
2. The rotated rectangle shows a drop in price.
3. Straight up, with a slight correction on the way.
4. This phase is hard to believe it is a different time frame, as the price levels are an exact mimicry of each other. There are 3 lower highs after both cycle tops. The bottom pattern formation is also the same in both charts.
5. A slow & steady rise with the price action in both time frames showing notable similarities.
If the ETHBTC chart on the right were to follow a similar route of ETHBTC on the left, then it is possible that ETHBTC will go lower for the next 6 to 12 months. It is important to remember that this will likely be because Bitcoin will be steadily going higher towards the last ATH, hence ETHUSD will be mostly sideways.
Once BTCUSD breaks $66K, around then ETHBTC will start its rally, which looks like has a final target of 0.3.
The blue and green faded projections at the end outline possible pathways for ETHBTC, depending on how slow/how fast the cycle plays out.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution