ETH Bullrun Hasn't Started Yet
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ETHUSDETH found it's bottom on the logarithmic scale in 2020, confirming it's logarithmic trend from 2015-Now.
Currently struggling with the 0.382 logarithmic fib, ETH could break this fib in the next days/weeks to confirm the start of it's real bull run.
The moment that fib gives way, we only have psychological levels as resistance until we hit the logarithmic trend mid-line & the next fib at just under 5k
The ETH/BTC pair has bottomed out as well and looking to rally against BTC in the coming weeks, ETH's bull run that is about to happen will be VERY surprising in terms of $ gain & BTC pair gain.
With the above said, it's a possibility that the fib could reject and we could see a movement towards the next fib below at $570 before the bull run commences (This is worst case) *Keep an eye on the BTC pair to confirm if the fib will reject*
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Yet another attempt at breaking that fib for good
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New Idea on the BTC pair:
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Here is a similar look on the USDT pair:
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