Monday 28 June 2021

Cycle Review - Ethereum

Some investors believe Ethereum (ETH) can over take Bitcoin (BTC) in market cap during this bull cycle.
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The cycles (Chart 1) below are part of readtheticker.com tool kit, they were found with the 'Bartels' mathematical formula. The better the Bartels score the better the fit for the cycle to price. Add in basic channels and support and resistance and a chart reader can see price targets for new lows and highs. The leading cycle for ETH suggest a low is near.

Ethereum is currently upgrading to EIP1559.





Chart 1

ETH



Original Post: https://ift.tt/3jqd2Hs

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