Crypto Analyst Maps Out Dream Ethereum Scenario To $8,000 — TradingView News
An analyst has charted out a “dream scenario” path that Ethereum could follow, based on a technical analysis (TA) pattern in its 3-day price.
Parallel Channel Could Chart Out What’s Next For Ethereum
In a new post on X, analyst Ali Martinez has talked about a dream trajectory that Ethereum could follow with respect to a Parallel Channel. The “Parallel Channel” here refers to a TA pattern that forms whenever an asset’s price trades between two parallel trendlines.
The upper line of the pattern is assumed to be a source of resistance, so tops can be likely to occur during retests of it. Similarly, the bottom level can provide support to the price, helping it to rebound.
Now, here is the chart shared by Martinez that shows the…
