It looks like ETH will be cut in half again, with the daily chart approaching the midline in a parallel channel, oscillating between 1850-2100. There should be a final drop, replicating the 2021 correction cycle? It's almost identical, and the daily RSI is also nearly recovered. How to interpret the mid-term cycle still needing to test new lows? Do altcoins need a second cut in half? The already unfavorable situation has become even more bleak. It seems there is hope to bottom out in late March or early April for the first time, so it's time to consider positioning.
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It looks like ETH will be cut in half again, with the daily chart approaching the midline in a parallel channel, oscillating between 1850-2100. There should be a final drop, replicating the 2021 correction cycle? It's almost identical, and the daily RSI is also nearly recovered. How to interpret the mid-term cycle still needing to test new lows? Do altcoins need a second cut in half? The already unfavorable situation has become even more bleak. It seems there is hope to bottom out in late March or early April for the first time, so it's time to consider positioning.