According to the expert, the altcoin’s price action is performing similarly to the last cycle trend from 2020 to 2021, which led to the current all-time high. Should Ethereum perform as well as the 2020-2021 market cycle, this impulsive rally will lead all the way to a cycle top.
Trader Tardigrade has placed this cycle peak at the $23,818 level, hitting the 2.618 Fibonacci level. This anticipated substantial growth represents a more than 900% upswing from the current price level.
