Ethereum: Dubious Speculation

Market Analysis & Predictions - The analysis suggests Ethereum (ETH) will likely top out within the next 3 months, assuming the top isn't already in [15] - The report anticipates a potential bounce for ETH against Bitcoin (BTC) in November, but a significant turnaround might not occur until December [39] - The analysis indicates that Bitcoin dominance is expected to increase in the short term, potentially impacting Ethereum's performance [36][38] - The report suggests that the final move for Ethereum against Bitcoin may not start until December, similar to the 2017 cycle [38] - The base case remains that Ethereum will bounce around the bull market support band and potentially reach new all-time highs [41][48] ETH/BTC Pair Analysis - The analysis notes that ETH/BTC found a local top on the week of August 18th, coinciding with ETHUSD sweeping the prior all-time high [17] - Historically, ETH tends to be red against Bitcoin in September and October, with an average drop of about 9-10% [19] - There's a possibility of ETH/BTC dropping below the bull market support band, potentially down to around 0031, before a potential rally to 0053 [22] - The report outlines a potential three-move pattern for both ETH/BTC and ETH/USD pairs to end the market cycle [34][35] Technical Indicators & Comparisons - Ethereum's 20-week SMA is around 3795, and the 21-week EMA is around 3793, approximating to 3800 [9] - The analysis draws parallels between Ethereum's movements and Tesla's (TSLA) past performance, noting similar lows and rallies [25][27] - The report suggests that if Ethereum follows the Tesla fractal, a potential low around 2000 might occur in April 2026 [31]