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Understanding the Major Cycle: Ethereum
Today, a good friend asked me about Ethereum's trajectory, and I think the major cycle perspective is clearer.
Bottom range: 800-1400
Top range: 4000-4800
The only meaningful major cycle point in the middle is 2100.
After buying at the bottom, if it doesn't break through 2100, it will pull back.
And if the top pulls back without falling below 2100, it can test the top range again.
In this bear market, ETH's lowest drop was to 1500, rebounding to 1800. The major cycle did not touch the bottom range.
Therefore, I also expect the final dip (after September) to fall into the 1400-800 bottom range.
In the script for next year (2027), we can first watch for a rebound to 2100, then observe whether 2100 is broken.
If the weekly chart breaks through, there might be an early bull wave up to around 4000.
If it doesn't break through, then perhaps there will be another buying opportunity around 1500 next year.
If ETH can hold above 4800 on the weekly chart, a bullish trend will begin.
This is something to discuss after confirming the hold.
This summer's fake breakout tricked many people, so only if the weekly chart stabilizes will we discuss the possibility of a bullish trend.
Otherwise, just follow the major cycle oscillation.
This article is sponsored by #BCGAME | @bcgame @bcgamecoin