EthereumLong
Ethereum "W" til 2022
Updated
A simple and dumb "what if" - what if the ETH 400 consolidation pattern from 2017 played out here? ETH has shown a propensity to rocket up and rocket down before.
The 2017 ETH chart has been stretched both vertically and horizontally to fit the top and bottom of the latest moves. With this re-scaled timeline we have a fairly rough September and quiet fall, before liftoff in December and January. This lines up well with both the ETH upgrade schedule as well as ETH's tendency to run in December and January. The September-November period may go towards BTC outperformance as well.
What's different now: pretty much all the fundamentals- ETH inflation is literally half of what it was in 2017, layer 2's like Arbitrum and Optimism are launching, and the ETH 2 merge is right around the corner. Traders beware!
The 2017 ETH chart has been stretched both vertically and horizontally to fit the top and bottom of the latest moves. With this re-scaled timeline we have a fairly rough September and quiet fall, before liftoff in December and January. This lines up well with both the ETH upgrade schedule as well as ETH's tendency to run in December and January. The September-November period may go towards BTC outperformance as well.
What's different now: pretty much all the fundamentals- ETH inflation is literally half of what it was in 2017, layer 2's like Arbitrum and Optimism are launching, and the ETH 2 merge is right around the corner. Traders beware!
Note
We've reached the days of maximum danger. Invalidation is holding a new ATH for at least 1 week.
Strap in, folks
Note
Nailed the dumpNote
W Complete. Thanks for playing!
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