ETH’s Multi-Year Reaccumulation Is Nearing Its End

Ethereum (ETH) has remained under $4,000 for over 1,300 days. This prolonged, multi-year reaccumulation phase appears to be wrapping up. In my opinion, ETH is poised for an upside breakout within a matter of weeks or even days.

Looking at the technicals, ETH should reasonably target the linear 1.618 level at around $7,400. However, the 2.618 level near $11,400 feels more like a realistic base case. Beyond that, a scenario where ETH surpasses $20,000 isn’t off the table. At such levels, we could witness extraordinary valuations, with a $250B PEPE and crazy performance from premier altcoins like BRETT, ANDY, and WOLF.

I’m very bullish on Q1. The current sentiment reminds me of early “Uptober” — a period when everyone expected a massive rally. When it didn’t happen immediately, the market turned bearish, and then we ripped higher.

I believe the only thing left is the catalyst for re-pricing higher. It’s coming soon.

Patience, fellas.