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$6,500/$6,600 for $ETH by Oct/Nov
First of all, goes without saying, that these are just potential targets, based on the patterns below.
You pick your favorite, either Adam&Eve or the Rounding Bottom. The idea and framework behind them is basically the same.
We measure the move from the Neckline to the bottom of the patterns and to the upside after the breakout, from the Neckline we draw the same % but to the upside. That gives us a projected target of $6,500/$6,600 by Q4 this year.
Adding to the mix the ETHBTC combination, and with a Bitcoin around $140,000 by then (conservative I would say) and with a ratio of 0.046, voila > $140,000 $BTC x 0.050 ETHBTC = $6,500 for ETHUSDT.
So whether you see it as an Adam & Eve or a Rounding Bottom, things start to line up.
Patterns don’t guarantee the future, but they can help map the road ahead and right now, that road points toward +$6.5K ETH in Q4 this year. This will be valid as long as ETH doesn't lose $3,970 area on weekly close.
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