Ethereum Price Shows Potential to Mirror Bitcoin’s 2021 Rally
Crypto analyst TradingShot suggests that Ethereum's current price trend resembles Bitcoin's movement in 2021, indicating potential for a similar rally.
Key Points
- Ethereum experienced a significant price drop, similar to Bitcoin's crash during the COVID-19 lockdown.
- The recent decline, termed the 'Trade War Crash,' saw Ethereum fall from over $2,400 to below $1,500.
- Currently, Ethereum is attempting to break above the 1-week MA50 and face resistance at $4,200.
- A successful breakout could lead to a price increase of around 50% before confirming a bullish trend.
- If Ethereum mirrors Bitcoin’s previous performance, it could reach prices above $10,000 by 2026.
- A more aggressive rally akin to Bitcoin’s 1,700% rise could see Ethereum exceeding $15,000.
