Blocksmith Says: Possible ETH Breakout

Right now it is feasible that Ethereum is breaking out after an 18-month cycle trough. This is a big cycle and if the analysis is correct then we are looking up to between US$3,000 and US$4,500 (by the end the year and by next March respectively).

The weekly chart shows the 18 month cycle as semicircles and as you can see price as well as momentum are poised for a breakout. Not much more to say here, it’s potentially a huge call and we should be monitoring that break level closely.

If there is a breakout and it looks like a new 18-month cycle is rallying, then I will conduct a full cycles analysis and publish it.