$ETH bottomed exactly where I said it would, over a month ago.
I pointed out that ETH was mirroring BTCâs 2017â2021 cycle and the bottom would likely be around $1300 to $1500
It hit $1387 and has since rallied over 75% from that level.
Now with tariff talks back in play, risk-on assets like ETH have more room to run from here imp
Combine that with Chinaâs QE, global rate cuts, and the potential for staking ETF approval and ETH finally looks strong again after a long period of underperformance.
I think this rally can extend toward $2.8Kâ$3K before we see any meaningful correction..
This $ETH cycle is looking a lot like BTCâs 2017â2021 run⊠almost too close.
I mean back then, $BTC:
â Nuked 85% from peak
â Rebounded 350% from the bottom
â Dumped another 72% after a local top
â Then went on a 17x run to the final cycle top
$ETH has done the first two legs perfectly.
â Dropped 85% from ATH â
â Rallied ~350% off the lows â
â Currently down ~56% from its local top âïž
(And maybe more pain leftâŠ)
If $ETH follows $BTC âs path, that final flush could take us down to $1.3Kâ$1.4K
Which ironically, is the same level ETH hit in Jan 2018. That would be the maximum pain scenario... a full 7-year round trip.
But hereâs the catch:
Thatâs exactly what happened to $BTC in 2020 before it flipped and ran 17x..
So if ETHâs about to finish its flush⊠it might just be getting ready for the real run.
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