Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling

This article discusses the possibility of Ethereum mirroring Bitcoin’s 2018 to 2021 cycle, which could be bullish for ETH. The analysis by The Cryptagon suggests that Ethereum has been following a similar trajectory to Bitcoin and could potentially reach new highs. Despite record selling pressure on ETH, the analyst remains optimistic about its future performance.

The article highlights the importance of a key support level for Ethereum at $1,887, with potential consequences if this level is breached. There is also a mention of a target price of $8,000 for Ethereum based on the current market cycle analysis.

Overall, the article provides a detailed analysis of Ethereum’s price movements, market dynamics, and potential future outcomes. It also includes insights from other crypto analysts and experts in the field.