Viewpoint: Ethereum is currently at the midline of the weekly logarithmic regression channel and still needs further correction before a bull market can start.
BlockBeats news, on February 9, Into The Cryptoverse founder and CEO Benjamin Cowen, based on Ethereum's weekly logarithmic regression channel, predicted that ETH will continue to retrace further this year before the next bull market can begin.
According to the screenshot, Ethereum is currently located at the midline of the weekly logarithmic regression channel, and the real bull market will only start after the price sweeps the lower band (currently at $1,500).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Research shows that Polymarket's accuracy mainly comes from 3% of traders
Iranian Official: Vessels Passing Through the Strait of Hormuz Must Pay Fee
Michael Saylor shares another bitcoin Tracker update, may disclose additional holdings data next week
Trending news
MoreCrypto prices
More
