The article analyzes the ETH price using the methods of WD Gann and other traditional forecasting methods, but does not mention a specific date or price.

Instead, the goal is to identify a time period in the future that is highly likely to be the turning point for a trend or corrective move. In addition, the item also identifies the price range and value range for the same time period.

Fundamental factors to consider

Ethereum is generating significant momentum throughout 2021, and nothing is more important than the ongoing updates to Ethereum 2.0. The most important of the year 2021 is Beacon Chain’s most recent release on December 1st. Beacon Chain is one of the final steps in converting Ethereum from proof-of-work to proof-of-stake.

Big update on Ethereum in 2022: The merger

The merger is the next step in the overall Ethereum 2.0 roadmap and the final step that will actually turn Ethereum into a proof-of-stake network. Essentially, The Merge combines the current Ethereum mainnet with the Beacon Chain. Therefore, the old-fashioned ETH mining method is no longer used (proof-of-work like Bitcoin). Instead, the network reached a consensus by unplugging the ETH.

While The Merge will convert Ethereum from Proof-of-Work to Proof-of-Stake, there is one important feature that will no longer be available after this period: withdrawing the staked ETH. While the transition from mining to staking is not a big deal for long-term owners and companies that have previously worked with proof-of-work, it will be difficult for small investors as ETH cannot be withdrawn for a period of time.

The merge is expected to be published in the first half of 2022.

Scalability and Sharding

Sharding is the next step in the Ethereum 2.0 process. After many upgrades, the main purpose of the shard chain is to make a node easier to operate by reducing the need for hardware. This supports the network expansion and improves accessibility.

Proof-of-work systems have a lot of scaling difficulties as huge mining hardware farms consume significant amounts of electricity. With sharding, individuals can become authenticators with just a laptop or smartphone.

Upgrades to the Ethereum network related to sharding will include several major upgrades that are currently undetermined and are being discussed.

The first sharding update is expected to be released at the end of the fourth quarter of 2022, but most likely in 2023.

Price confluence area

This analysis uses the Elliot Wave Theory, the natural values ​​of the harmonic pattern found in the spectrum of sound and light – specifically the methods of the great Gann analyst Tony Plummer (Law of the Law). Vibration and Life Cycle Hypothesis), Gann’s Square of 9, Gann’s 24 Rad, Gann’s Hexagon and Expanded Fib Zones.

The analysis results identify 3 main ranges across ETH’s current price range that should be watched in 2022:

$ 7,300- $ 7,450: This area contains 50% Fib Confluence, 180 degree dynamic square of 9, 120 degree dynamic hexagon, and 360 degree static square of 9.

$ 9,200- $ 9,400: This area includes a 270 degree static wheel at 24, the inner octave note of the Mi, a 240 degree dynamic hexagon, and a 360 degree static square of 9.

$ 10,700- $ 10,900: This range includes the 161.8% Fib Extension, 360 degrees dynamic hexagon, the inner octave of So, the square of 9 dynamic 90 degrees, and the wheel 90 degrees at 24.

Future ETH price confluence

Time cycle analysis

In addition to predicting future price levels, a similar approach can be taken over time. As for time cycle analysis, most of the analysis is based on Gann’s work in large and small time periods and uses his sidereal period. In addition, time studies are based on the Ichimoku-Kinko-Hyo system of time and the Hurst cycle analysis.

Analysis will complete and recombine a huge cyclical cluster between June 2022 and July 2022. Accordingly, the ETH price is expected to be at or near a new all-time high between June and July 2022.

ETH bull cycle in 850 days

While all cryptocurrencies, including Bitcoin, still have enough minimal data to perform a full cycle analysis, some of the cycles repeat themselves. Both Bitcoin and ETH show massive rallies of around 850 days (sometimes less, sometimes more).

However, the cycle was interrupted and likely completed during the 2020 Covid-19 crash. This crash is like a reset switch. The expected daily range of the current bull market high is expected to end around day 854.

Ceres declination cycle

Perhaps the most important component of this analysis is the Ceres declination cycle. The ETH price tends to follow the Ceres declination cycle very precisely – sometimes almost exactly.

Bitcoin is also sensitive to this cycle and has been running for almost 12 years. Therefore, many time clusters fall within the peaks and valleys of the Ceres declination cycle.

BTC / USD Ceres declination cycle

The current declination cycle will peak in mid-June 2022 and begin to decline southwards in early July 2022.

Gann square of a series and the Ceres declaration

January 2022 – July 2022: Expect a slow but steady spike in ETH price that will hit one of three confluence zones at $ 7,400, $ 9,400, or $ 10,900 sometime between June and July 2022.

July 15th is most likely when the pressure to sell begins.

July 2022 – January 2023: Mitigating prices and selling pressures are likely to cause a 30-40% decline from the all-time high, followed by a rally in January 2023.

January 2023 – April 2023: The relief rally is expected to end between late April 2023 and early May 2023.

May 2023 – October 2024: A rise in ETH prices will raise false hopes, as the pressure to sell will continue until May 2023 and will extend into autumn 2024.

If ETH’s new all-time high (ATH) is near the $ 7,400 region, the October 2024 low will likely be at $ 3,700.

If ATH is in the $ 9,400 range, the October 2024 low would be around $ 4,700.

When ETH finally hits a new ATH near the region of $ 10,900, the October 2024 low will be near the price range of $ 5,400.

You can see the ETH price here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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