Ethereum - $5.000 retest soon?

Hello Traders and Investors, today I will take a look at Ethereum.

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Explanation of my video analysis:

By connecting the significant highs from 2018 and 2021 and the significant lows from 2019 and 2022 you can see that Ethereum is clearly trading in a rising channel formation. Furthermore Ethereum is approaching the previous all time high which is roughly at the $4.500 area but even then the path of least resistance is certainly higher. Eventually I do expect a retest of the $5.000 level.

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Keep your long term vision,
Philip (BasicTrading)