#ETH
The double-bottom pattern is indeed very similar to that period in 2020.
In the 2020 case, after the neckline was broken, it surged by 1220%—rising from under 500 to 4800.
If we replicate the same structure this time, around 8000 would be a reasonable target.
But the sample is only one time; similar patterns don’t mean the path will be the same.
The macro environment in 2020 is completely different from now, and the liquidity conditions are also different.
You can use it as a reference—just don’t treat it as a guarantee.
The double-bottom pattern is indeed very similar to that period in 2020.
In the 2020 case, after the neckline was broken, it surged by 1220%—rising from under 500 to 4800.
If we replicate the same structure this time, around 8000 would be a reasonable target.
But the sample is only one time; similar patterns don’t mean the path will be the same.
The macro environment in 2020 is completely different from now, and the liquidity conditions are also different.
You can use it as a reference—just don’t treat it as a guarantee.
