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Stunning Fractal on ETH Price Chart Suggests Ethereum Price Breakout to New ATHs Triggering Altse...
Bitcoin p[rice struggles to reclaim its previous ATH prices
Stunning fractal on the ETH price chart suggests new ATH prices for ETH soon
This ETH pump could also trigger the start of altseason peak phase.
The price of Bitcoin has surged back to the $84,000 price range, analysts now hope to see Bitcoin climb back up to higher targets starting with $88,000. However, while Bitcoin struggles to reclaim its bullish 6-digit ATH prices, analysts expect altcoins to takeover as Ethereum forms a stunning fractal on the ETH price chart
Altseason is Inevitable Says Analyst
As we can see from the post above, this reputed analysts who has made many accurate predictions so far marks what BTC looks like on the 1 month big picture price chart. Here he marks how BTC is marking lower highs on Stoch RSI and a higher high on price. He believes the cycle top has already been printed for BTC and is waiting for altseason to begin
Many other analysts still expect BTC to pump to higher ATH targets this bull cycle and say this is why altseason peak hasn’t arrived yet. The analyst in the post above however, says even if BTC has already hit its cycle top, or if it goes on to hit new ATHs soon, altseason is inevitable. Regardless of BTC’s price action, one trigger event should likely set off altseason peak soon
Stunning Fractal on ETH Price Chart Suggests ETH Pump Soon
Supporting this take is the Ethereum price chart where the price of ETH has formed a stunning fractal from Q1 2020 on its current price chart. What’s bullish about this pattern formation is that it looks eerily familiar, meaning it matches the same pattern ETH printed before its significant pump in 2020. Will ETH set a new ATH soon and will that finally trigger the altseason peak phase?