Ethereum ETH / U.S. Dollar / Thursday 14 April

Hello everyone

This is more of a follow up to my Ripple analysis from yesterday. Looking at what happened to ETH in May 2018, we made a higher low around that time. After that we dropped by 90%. Then came a very boring time, two years of consolidation.

Then came March 2020, we made an impulsive move up x50 from low to high, it was a great time.

We've been hanging around these prices a bit since then, and I don't think that's very promising. We are now making a higher low again.

Is it possible that we can get a 90% drop? I personally think so. Nothing is certain, of course, but I'm preparing for the worst. I'm ready to buy at better prices. After covid, the war in ukraine and the sanctions against russia is it certainly possible. In 2017 there really wasn't that much going on at all, right? Or was it Chinese New Year?

Targets
ETH 560-420.

Yours sincerely,
Robin