The Ethereum Bull Market
Similar to my idea with the Bitcoin bull market, however I expect some initial underperformance from Ethereum relative to Bitcoin with Bitcoin dominance targeting around 60%.
2024: An upside swing on Bitcoin to $52.3k can drive Ethereum up to $2,450 range but then to pull back more significantly than bitcoin to place a 2024 low around $1160. This may not play out but a bitcoin buy pullback to 28,600 in 2024 would signal an Ethereum buy (whatever the price) for an upside swing to a higher high around 6,300, as Bitcoin rejects 64K to prepare a more horizontal neckline compared to an upward sloping neckline on Ethereum.
2025: A pullback in 2025 for the low to be around $3,100 and inverse head and shoulders projection targets 37K, but exiting the market around 20K upwards after accumulating 2-3k seems more than adequate.
All the best with the journey which is sure to cause trouble for the faint hearted along the way. :D
2024: An upside swing on Bitcoin to $52.3k can drive Ethereum up to $2,450 range but then to pull back more significantly than bitcoin to place a 2024 low around $1160. This may not play out but a bitcoin buy pullback to 28,600 in 2024 would signal an Ethereum buy (whatever the price) for an upside swing to a higher high around 6,300, as Bitcoin rejects 64K to prepare a more horizontal neckline compared to an upward sloping neckline on Ethereum.
2025: A pullback in 2025 for the low to be around $3,100 and inverse head and shoulders projection targets 37K, but exiting the market around 20K upwards after accumulating 2-3k seems more than adequate.
All the best with the journey which is sure to cause trouble for the faint hearted along the way. :D
