$ETH
For almost two years, $ETH has been consolidating mostly sideways with patience as it continues to grow in the background as everyone else in the market lost their faith and patience.
But one price level has remained strong from my perspective: the $1.5K price zone, which I've always considered a significant long-term support area and been accumulating in.
The neat thing with this configuration is that in the end, when the momentum shifts back, the result can be an explosive move. And in my opinion, this is a point that Ethereum is approaching.
Yes, there is still a possibility of volatility.
There are definitely some big resistance levels coming up.
However, the larger arc is still trending toward turning around and not continuing on a downward trajectory.
For that reason, I still think that all-time record highs are the best probability for the next cycle.
My 12-month range is still on $6K on ETH, which is around 150% off of current prices if the breakout plays out completely.$FF
