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In the case of a recent Ethereum price trend, the cryptographic analyst noticed that Altcoin may look for a stage A similar rally to what was evident with bitcoins In 2021, Crypto Analyst Tradingshot indicated similarities in the last analysis and showing where the price could go if it recreates in the same way.
Ethereum looks like Bitcoin in 2021
In the analysis published in TradingView, Crypto Analyst Tradingshot shown Like this movement of the Ethereum cycle, it looked similar to the 2021 Bitcoin cycle movement. The first of this was regaining because of a sedate price disaster, which led to a novel cycle for cryptocurrency, after which there was a revival that pushed him towards novel ups.
In the case of Bitcoin, the disaster took place when the Covid-19 lock was announced. Then the price of bitcoins dropped by over 50% from over USD 9,000 to less than USD 4,000 in less than a month. However, after this, the Bitcoins price reflected from the falls of the cycle, exceeding the 1-week MA50, and then broke the lower level of trends and reached novel highest levels of all time.
In the case of Ethereum, the cryptographic analyst indicated in the price caused by Donald Trump’s tariff wars as similar to the Bitcoin disaster. After Donald Trump announced tariffs for other countries, the price of Ethereum also crashed by a enormous margin, falling from above 2,400 USD to below USD 1,500 in less than a month. This was called the “trading war disaster” and Altcoin is still spinning after the fall.
Currently, the price of Ethereum is stuck at a point where he is still trying to interrupt above the 1-week MA50, which is currently the main level to confirm this trend. Like Bitcoin, he also saw the formation of the main resistance at lower heights, and this is at USD 4,200. This means that the price of ethereum still has About 50% of the rally until the end Before confirming a similar trend to Bitcoin.
How high the price of ETH could have succeeded if it took place
If the ethereum recovers 1W of 50 mA and then breaks the lower up to USD 4,200, confirming this trend, then The resulting rally can be unique. For example, after breaking the lower peaks, the price of Bitcoins reached novel highest levels of all time in the amount of USD 69,000 in 2021. This means that the price increased from lower $ 4,000 to USD 69,000 per year.
A similar rally would mean that The price of ethereum will augment above USD 10,000. Taking the same time axis to position, it would place ETH at this price in 2026, a year since the accident of commercial wars. A closer parabolic rally and imitating 1700% of the Bitcoin Rally would mean a price above USD 15,000 for the second largest cryptocurrency in space.
A distinguished picture from Dall.e, chart from tradingview.com
