If Ethereum repeats the pattern that we saw after its peak in 2018, we might be in a bear market until August 2022, where the price might stabilize at around $850. In 2018-2019, during a period of almost 1.5 year, the price dropped by -88% until the bear market ended, which makes it not far fetched to believe that a drop by around -80% in the price can happen again. Crypto currencies are very volatile after all.
The first signal to look for is if the 50 simple moving average crosses the 200 simple moving average, in which case a bear market is confirmed. If the trend lines continue on the same trajectory that we are already seeing, and comparing to what it looked like in 2018, this might happen two months from now in August.
If the first signal occurs, the next one will be about one year later, in August 2022, when we might see the end of the bear market.
Furthermore, note that in April-May 2018, during a one month period, the price jumped from $400 to $800. Jumps like that might happen again during this fall downwards. So be cautious and avoid getting FOMO.
The first signal to look for is if the 50 simple moving average crosses the 200 simple moving average, in which case a bear market is confirmed. If the trend lines continue on the same trajectory that we are already seeing, and comparing to what it looked like in 2018, this might happen two months from now in August.
If the first signal occurs, the next one will be about one year later, in August 2022, when we might see the end of the bear market.
Furthermore, note that in April-May 2018, during a one month period, the price jumped from $400 to $800. Jumps like that might happen again during this fall downwards. So be cautious and avoid getting FOMO.